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Thyssenkrupp to List Marine Defense Unit Amid Rising European Military Spending
7 Articles
7 Articles
From Monday in Frankfurt, the shares of another armament company will be traded: TKMS, the world's largest shipyard group for non-nuclear-powered submarines. What is behind this step.
Thyssenkrupp to list marine defense unit amid rising European military spending
Thyssenkrupp Marine Systems is the world leader in the non-nuclear submarine market
Thyssenkrupp's naval division, TKMS, will go public on October 20, the leading European steelmaker, which is engaged in a restructuring plan, announced Tuesday.
The stock exchange of the military shipbuilder is a key step in ThyssenKrupp's business reorganization plan.
For each of 20 Thyssenkrupp shares, there is a share certificate from TKMS. Thus, the allocation expires before the IPO of the naval shipbuilder.
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