VOL. XLVI

No 21

26-May-2003

IRAN

ThyssenKrupp Buys Back Shares From Iranian Stakeholder

German steel and engineering group ThyssenKrupp has bought back a tranche of its own shares, held by an Iranian government company, in a bid to ward off reprisals which might affect its business operations in the US. The official news agency IRNA said on 20 May: The German firms latest move follows reports of a US Defense Department blacklist threatening restrictions on companies in which Iran has more than a...