Home / Business and Economy / Thyssenkrupp Eyes Materials Division Sale This Year
Thyssenkrupp Eyes Materials Division Sale This Year
18 Feb
Summary
- Thyssenkrupp may spin off or list its materials division this year.
- The materials division accounts for over a third of company sales.
- A potential change in legal form could ensure parent company control.
Thyssenkrupp is actively exploring strategic options for its Materials Services (MX) division, including a potential spin-off or public listing as soon as this year. This move is part of CEO Miguel Lopez's ongoing transformation of the industrial conglomerate.
The MX division, which generates more than a third of Thyssenkrupp's total sales, is on track to become ready for capital markets. A listing could occur as early as autumn, signaling a significant step in its separation.
Additionally, Thyssenkrupp is examining whether to modify MX's legal structure to a KGaA, a form designed to ensure continued control by the parent company, even if a majority stake is sold. This consideration is part of ongoing discussions where no final decisions have been made.
Performance in the second fiscal quarter, ending March, is a key condition for a successful divestment. MX, which competes with major players like Ryerson and Kloeckner in the U.S. market, could be valued at approximately 2 billion euros based on recent market valuations.
