Thyssenkrupp secures state aid of around 1 billion euros: Handelsblatt

BERLIN (Reuters) – Thyssenkrupp has secured state aid of around 1 billion euros ($1.09 billion), newspaper Handelsblatt cited sources with knowledge of the matter as saying on Thursday.

The newspaper said Thyssenkrupp wanted to use the loan from state development bank KfW to get through a bottleneck until money from the sale of its elevator division comes in.

Thyssenkrupp was not immediately available to comment.

(Reporting by Michelle Martin; editing by Thomas Seythal)