thyssenkrupp

Thyssenkrupp plans the initial listing of TK Accelis in Frankfurt on 28 October and will allocate one TK Accelis share to shareholders at a ratio of 20:1. The group will remain the majority shareholder with 51 percent; the spin-off was approved in August with 99.99 percent support. BaFin has approved the stock market prospectus. TK Accelis employs around 15,500 people in 30 countries and recorded sales of €11.4 billion in 2024/25. Jefferies estimates the company’s enterprise value including debt at about €3.6 billion. » More on manager-magazin.de

The Krupp Foundation considers a timely separation of Thyssenkrupp’s steel unit possible, citing the restructuring wage agreement, the sale of HKM, EU protective measures and progress on the direct reduction plant in Duisburg. The foundation, the largest shareholder with 21 percent, supports the gradual conversion of the group into a financial holding and regards state participation as unnecessary. Thyssenkrupp generally intends to remain the majority owner but does not rule out minority stakes in steel, and the foundation would welcome a stake in a spun-off steel company. » More on finanzen.net

Analysis of the portfolios of 450,000 Flatex customers shows strong net inflows in September for Thyssenkrupp, Energy Fuels and Uber. Across industries, real estate as well as travel and leisure benefited, while oil and gas stocks recorded the largest net outflows. Experts see both contrarian purchases after price declines and procyclical momentum buys as drivers of the reallocations. » More on handelsblatt.com