Thyssenkrupp considers IPO, SPAC for hydrogen business

May 11, 2021 admin Stock News 0

© Reuters. FILE PHOTO: German steelmaker Thyssenkrupp AG CEO Martina Merz speaks during the annual shareholders meeting in Bochum, Germany, January 31, 2020. REUTERS/Wolfgang Rattay

FRANKFURT (Reuters) – Thyssenkrupp (DE:) has mandated an investment bank to explore strategic options for the conglomerate’s hydrogen business, Chief Executive Martina Merz said, adding the group was looking for a “partial value crystallisation”.

Merz, in a call with analysts, added options could include an initial public offering or a deal with a special purpose acquisition company (SPAC) and that the investment bank was supposed to come up with proposals by summer.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*