thyssenkrupp AG(TKAMY) has completed the spinoff of its naval shipbuilding division, thyssenkrupp Marine Systems, now trading independently as TKMS. Shares began trading today, October 20, 2025, on the Frankfurt Stock Exchange under the ticker TKMS, marking the latest chapter in thyssenkrupp’s multi-year effort to simplify its structure and surface value through targeted spinoffs. This is, we believe, the… Read More »
thyssenkrupp Spinoffs: Much ado about nothing thyssenkrupp AG (TKAMY) is not a stranger to these pages. In the past, we wrote about both a stainless steel spinoff(all the way back in 2011), which didn’t spinoff as the division was instead sold to Finnish competitor Outokumpu , and the elevators spinoff which was also cancelled in favor of a… Read More »
Not enough interest in silverware these days? Sure seems that way as German conglomerate ThyssenKrupp AG (TYEKF – US Pink Sheets) announced plans to spin off its stainless steel operations. The move comes just a few months after ArcelorMittal (MT) did the same exact thing with its stainless division, Aperam (APEMY). [See our earlier posts on Aperam here… Read More »