TKAMY Thyssenkrupp AG (PK)

By Jenny Busche

FRANKFURT--ThyssenKrupp AG (TKA.XE) hasn't finalized plans to sell its VDM alloys unit, Chief Executive Heinrich Hiesinger said Friday.

The industrial conglomerate sold VDM to Finland's Outokumpu in 2012, but it was forced to reintegrate it in 2013 when the Finnish group faced financial difficulties.

Mr. Hiesinger told shareholders at the company's annual general meeting that he would like to resell VDM as well as ThyssenKrupp's Italian stainless steel mill Terni. The two units generated a pretax loss of 55 million euros ($62.13 million) after restructuring outlays and cost-cutting measures in the fiscal year ended Sept. 30.

He added that ThyssenKrupp has developed a restructuring plan for VDM.

--Monica Houston-Waesch contributed to this article.

Write to Jenny.Busche at jenny.busche@dowjones.com

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