Overview
- tk accelis began trading on Wednesday, October 28, 2026, with an opening price of €27.80 and an implied market value of about €1.77 billion that rose intraday to €30.52.
- Thyssenkrupp will keep a 51 percent stake in the newly listed materials unit and credited shareholders with one tk accelis share for every 20 Thyssenkrupp shares held.
- Reports differ on the scale of the market reaction, with one source saying the parent share price fell about 8.6 percent and another reporting a drop of more than 16 percent during the session.
- CEO Miguel Lopez told Reuters the steel division will be prepared for a spin-off rather than sold for now, and earlier talks with India’s Jindal Steel have been put on ice.
- tk accelis, which generated roughly €11.4 billion in revenue in 2024/25 and employs about 15,500 people across 30 countries, joins TKMS and Nucera in a wider strategy that leaves analysts questioning whether listed parts reflect the group’s full value.