What is Thyssenkrupp considering regarding its materials trading division MX, and when might the shareholder vote occur?

Thyssenkrupp is considering holding an extraordinary general meeting (EGM) in the summer — potentially in late July or early August — to let shareholders vote on a potential spin-off of its materials trading division MX. The company could decide as early as this week (during its supervisory board meeting) to send official invitations to shareholders next month, though no firm decisions have been made and the timetable remains subject to change.

How has MX performed recently, and why is that performance significant for the spin-off decision?

MX reported adjusted operating profit of €81 million ($94 million) in the second quarter — nearly tripled year-on-year — with a margin of 2.6%, while quarterly revenues rose 5% to €3.19 billion. This strong second-quarter performance is considered key in assessing MX's capital market readiness, with sources indicating it could enable a spin-off as soon as this year.

ChemBrief

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