The news about Thyssenkrupp $TKA (+2.24%) are causing a stir in the financial world! The Group is planning to float its marine division, Thyssenkrupp Marine Systems (TKMS), on the stock market before the end of 2025. Among other things, this decision has contributed to the fact that the share price of the parent company has already risen by around 140% since September. 🚀
Thyssenkrupp CEO Miguel López explained in a podcast that the shares in the marine division will be issued to existing shareholders, while Thyssenkrupp will retain a majority stake of at least 51 percent. This could give shareholders direct access to a potentially valuable company.
Thyssenkrupp's current share price climbed almost 13 percent after the announcement, surpassing the 7 euro mark. This is an impressive rise considering that the share was still at 3 euros at the beginning of September. Analysts from Citigroup emphasize that the spin-off of the marine division and the focus on business areas with higher added value could offer great opportunities. The coming months could therefore be exciting!