What is Thyssenkrupp planning to do with its materials trading division, and why is this significant for the company's restructuring?

Thyssenkrupp plans to spin off its materials trading division—recently renamed tk accelis—by offering 49% of it to shareholders via an extraordinary shareholder meeting on August 7, with a full separate listing scheduled before year-end. This move marks the sale of the group's largest division by sales and is a key step in Thyssenkrupp's ongoing transformation into a holding firm, following earlier divestments of its hydrogen and marine divisions through stock market listings.

What is the estimated enterprise value of tk accelis, and how does Thyssenkrupp describe its performance?

Analysts at Jefferies have estimated tk accelis’s enterprise value at €3.6 billion ($4.2 billion). Thyssenkrupp CEO Miguel Lopez stated that tk accelis, which manages materials supply chains and warehousing, has 'made impressive progress in recent years'.

Thyssenkrupp to Spin Off Materials Trading Division

Jun 16, 2026

Thyssenkrupp plans to spin off its materials trading division, tk accelis, via a separate listing before year-end. The move values the unit at €3.6 billion as part of the company's restructuring into a holding firm.

reuters

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