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ThyssenKrupp AG Announces Planned Stock Market Listing of TKMS on October 20, 2025

ThyssenKrupp AG has announced the planned listing of its marine division, TKMS AG & Co. KGaA, on the Prime Standard of the Frankfurt Stock Exchange, with trading set to begin on October 20, 2025. Shareholders will receive one TKMS share for every 20 Thyssenkrupp shares held, while ThyssenKrupp will retain a 51% stake in TKMS. The allocation date for new shares is October 17, 2025, and they will be credited automatically to eligible shareholders’ accounts.

Reuters·
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Reuters·
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Kone Oyj Explores Bid for TK Elevator, Bloomberg Says, Citing Sources

Kone Oyj is reportedly considering a bid for TK Elevator, as per Bloomberg sources. The Finnish elevator engineering company has engaged with advisers and explored financing options for a potential offer for the Thyssenkrupp AG unit. Meanwhile, TK Elevator's private equity owners are contemplating an initial public offering for the business.

marketscreener·
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marketscreener·
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Thyssenkrupp has received non-binding bid for steel unit from India's Jindal Steel

Thyssenkrupp on Tuesday said it has received a non-binding bid for its steel division from India's Jinal Steel , without disclosing any further details."The Executive Board of Thyssenkrupp AG will examine this offer closely, particularly with regard to economic sustainability, the continuation of the green transformation and employment at our steel sites," Thyssenkrupp said.

Reuters·
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Reuters·
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Jindal Steel bids for Thyssenkrupp, pledges €2 bn low-emission push

Jindal Steel International has made a non-binding offer to acquire Thyssenkrupp AG’s steel division, Thyssenkrupp Steel Europe. The proposal includes an investment of over €2 billion in Germany to enhance low-emission steel production through a direct reduced iron project in Duisburg and additional electric arc furnace capacity. This initiative aims to secure long-term steelmaking in Germany and integrate Thyssenkrupp Steel into Jindal's global supply chain.

Business Standard·
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Business Standard·
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Thyssenkrupp Steel workers approve restructuring plan, await financing

Workers at Thyssenkrupp Steel Europe approved a restructuring plan with 77% support, contingent on financing from Thyssenkrupp AG. The plan includes job cuts, reduced working hours, and site closures, aiming to save over 100 million euros annually. Up to 11,000 jobs may be slashed, reducing production capacity significantly. The agreement, effective until September 2030, is crucial for Thyssenkrupp's strategy to spin off its steel business into a joint venture. Workers' representatives urge Thyssenkrupp AG to finalize financing arrangements.

Reuters·
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Reuters·
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