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Thyssenkrupp Advances Spin-Off While Scheduling Blast Furnace Overhaul

Thyssenkrupp logoThyssenkrupp
Sig3.35Sen+2.85Env0.00Soc0.00Gov+1.55

Thyssenkrupp is moving toward a concrete milestone for a planned spin-off of its materials trading arm, with a 1 new share for every 20 existing shares held by shareholders. The company expects a commercial register entry for tk accelis at the end of October, followed by a Frankfurt listing. Separately, Thyssenkrupp Steel has started a scheduled partial overhaul of the Schwelgern 2 blast furnace in Duisburg, while talks with Jindal Steel International on a stake have been paused due to changed divestment assumptions.

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