Armor industry: Thyssenkrupp marine division should become self -employed

Armor industry: Thyssenkrupp marine division should become self -employed

Armaments
Marine division from Thyssenkrupp should become independent






Thyssenkrupp wants to bring his naval shipbuilding off TKMS independent and bring to the stock exchange. This is only possible if the owners agree. On Friday you will make a decision online.

The Thyssenkrupp industrial group is concerned with the independence of Germany’s largest marine yard TKMS (Thyssenkrupp Marine Systems). At an extraordinary general meeting, the shareholders decide how the naval shipbuilding division will be set up in the future. The meeting takes place online.



According to the plans of management and supervisory board, TKMS will in future be held by a new holding company where the parent company holds the majority with 51 percent. The remaining 49 percent of the TKMS shares are to be transferred to the Thyssenkrupp shareholders-in relation to their participation. This would make TKMS direct shareholders. The stocks should then be noted on the stock exchange. This should happen this year.

TKMS gets direct access to the capital market


With the so-called spin-off, according to Thyssenkrupp boss Miguel López, the division is intended to get a larger entrepreneurial freedom in order to be able to grow better. “TKMS gets direct access to the capital market and can advance investments in new technologies and markets on their own,” says the preliminary speech by the CEO. In addition, the listing of the stock market makes the value of the company visible to the outside.




Thyssenkrupp is planning a fundamental group in the coming years. In addition to the marine division, the other four divisions should also be set up independently and opened for the participation of third parties. In addition to steel, Thyssenkrupp wants to keep the majority in the shops. At Stahl, a 50:50 community company with the EP Group of the Czech entrepreneur Daniel Kretinsky is planned. EPG already holds 20 percent.


TKMS order stock is over 18 billion euros


TKMS is the world market leader for non-nuclear submarines, but also builds frigates and corvettes. According to López, the order stock has grown by more than 50 percent for more than 18 billion euros since the end of September. The company employed around 8,200 people at the end of March. It is based in Kiel. CEO is the former Thyssenkrupp working director Oliver Burkhard.

Thyssenkrupp is considered a leader in Germany with its steel, naval shipbuilding and material trade divisions. The company also works in the areas of auto parts and green plant engineering technologies. At the end of March, the group employed almost 95,600 people worldwide.

dpa

Source: Stern

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