Thyssenkrupp has begun the process of separating its tk accelis materials distribution division, formerly known as thyssenkrupp Materials Services.
On Friday, the parent company will decide on the placement of 49% of tk accelis shares on the stock market and has scheduled an extraordinary shareholders' meeting, Kallanish notes.
Thyssenkrupp plans to remain the majority owner of the listed company with a 51% stake, says Volkmar Dinstuhl, a member of the tk Management Board.
Dinstuhl emphasizes that tk accelis will gain more flexibility by operating as a separate exchange company, while maintaining stability and reliability through long-term stakeholder engagement.
He also notes that the international materials trading industry remains highly fragmented and involves many national and international players. In case of further consolidation, mergers and acquisitions, tk accelis will be able to use its own shares as currency. "tk AG's management and supervisory board see significant potential in this," he says.
The division has a wide international network, including 380 enterprises in 30 countries, and revenue for the last fiscal year amounted to 11.4 billion euros (13.2 billion dollars).
Author: Christian Kel Germany
