thyssenkrupp

Thyssenkrupp is granting shareholders one TK‑Accelis share for every 20 Thyssenkrupp shares free of charge and will record the spin‑off by registering it in the commercial register. Jefferies values the allocation at €2.20–€3.10 per Thyssenkrupp share, implying a discount of about 15.6–22.0% to the closing price. TK Accelis, with €11.4bn in sales, is the group's largest division but has an adjusted EBITDA margin of only 2%; management is targeting 4–5% in the medium term. Thyssenkrupp will retain 51% and continue to consolidate the unit; the one‑day MDAX listing and index‑fund adjustments could put additional pressure on the share price in the first days. » Plus sur deraktionaer.de

The former materials division tk accelis will be traded in the Prime Standard from Oct. 28; shareholders will automatically receive one tk accelis share for every 20 thyssenkrupp shares. tk accelis plans to transform into a “Materials-as-a-Service” provider and to raise the adjusted EBITDA margin to 4–5 percent in the medium term. Risks include the currently very thin margin, possible index effects at the listing, and the fact that thyssenkrupp will retain 51 percent of the shares. A reliable impression of operational sustainability is expected to come from the first independent financial report. » Plus sur finanzen.net

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. » Plus sur manager-magazin.de