Particle.news

Download on the App Store

Thyssenkrupp to Overhaul into Financial Holding and Spin Off Divisions

The conglomerate will reshape itself into a financial holding by spinning off divisions into standalone, market-ready companies with majority stakes retained in all but its steel arm.

Thyssenkrupp-CEO Miguel Lopez soll nach dem Radikalrückbau des Konzerns einen neuen Vertrag bekommen
Image
Image
Image

Overview

  • The board will convert Thyssenkrupp into a pure financial holding and present its final restructuring plan to the supervisory board by the end of the fiscal year.
  • Steel operations will become a joint venture with Czech investor Daniel Křetínský, leaving Thyssenkrupp with a minority share.
  • A minority IPO of Marine Systems is scheduled for later in 2025 to establish it as an independent, capital-market–ready company.
  • Materials Services, Automotive Technology and the Decarbon Technologies segment will be spun off as standalone businesses while Thyssenkrupp keeps majority stakes.
  • Restructuring measures include cutting the central office from 500 to 100 roles and reducing about 1,000 administrative positions, sparking union protests and demands for job guarantees.