Thyssenkrupp targets October 28 for listing of materials trading unit, sources say

By Reuters News

FRANKFURT/DUESSELDORF, Oct 5 (Reuters) - Thyssenkrupp TKAG.DE is targeting October 28 for the separate listing of its materials trading division tk accelis on the German stock exchange, according to two people familiar with the matter.

The spin-off of 49% of tk accelis marks the conglomerate's latest step to simplify its structure and turn into a slim holding company owning substantial stakes in its operating divisions.

  • tk accelis could reach €3.6 billion ($4.02 billion) enterprise value, according to Jefferies analysts

  • Thyssenkrupp previously indicated that a listing could happen at the end of October

  • tk accelis employs around 15,500 people, is active in 30 countries and had sales of €11.4 billion in the 2024/2025 fiscal year

  • The business targets an adjusted margin for earnings before interest, tax, depreciation and amortisation of 4% to 5%, compared with 2% during 2024/2025

  • Thyssenkrupp declined to comment on the date, saying only that the listing was planned to take place by the end of 2026


($1 = 0.8947 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.