THYSSENKRUPP SPONS.ADR 1

thyssenkrupp’s supervisory board recommended spinning off the materials division TK Accelis and is asking shareholders to decide. The resolution is scheduled for an extraordinary general meeting on Aug. 7, and the shares are to be listed in Frankfurt later this calendar year. thyssenkrupp will be reorganized into a financial holding in the coming years, in which the former divisions are to operate independently. » Altro su finanzen.net

Thyssenkrupp’s supervisory board has approved the spin-off of its materials trading unit Material Services (now tk accelis) and plans to take 49% of the company public. Shareholders are expected to vote on the move at an extraordinary general meeting, likely on August 7. The shares will first be distributed to Thyssenkrupp shareholders and then listed in Frankfurt. In 2024/25 tk accelis generated revenue of €11.4 billion, employs 15,500 people and serves around 250,000 customers, with a focus on aviation, defense and data centers. » Altro su finanzen.net

The supervisory board of thyssenkrupp recommended approval of the spin-off of the materials division TK Accelis; the decision is to be taken at an extraordinary general meeting on August 7. The subsidiary is to be listed on the Frankfurt stock exchange later in this calendar year. thyssenkrupp plans to restructure into a financial holding over the coming years, with the former divisions operating as independent companies. » Altro su finanzen.net