Thyssenkrupp is pushing ahead with its corporate restructuring: after the IPO of its submarine subsidiary TKMS last autumn, the materials division TK Accelis is now set to go public. The company, based in Essen, employs around 15,500 people and supplies factories with steel, stainless steel, and other raw materials.
The move is part of Thyssenkrupp CEO Miguel López’s strategy to break the group into independent units. The IPO is intended to give TK Accelis more entrepreneurial freedom and direct access to the capital market. A precise timetable for the IPO has not yet been set, but preparations are underway.
Thyssenkrupp already floated its marine subsidiary TKMS in autumn 2024. At that time, the group retained a majority stake of 51 percent, while the remaining 49 percent went to shareholders. A similar structure is conceivable for TK Accelis, but details are not yet known.
Source: www.sueddeutsche.de
