Oct 14, 2025 6:00 AM
thyssenkrupp AG announces planned date for stock market listing of TKMS
Federal Financial Supervisory Authority (BaFin) approves prospectus
Initial listing and start of trading in the Prime Standard segment of the Frankfurt Stock Exchange planned for Monday, October 20, 2025
Allotment planned for Friday, October 17, 2025; allotment ratio is 20:1
thyssenkrupp AG remains strategic majority shareholder with 51 percent
Miguel López: “Through the stock market listing, we are creating growth opportunities for TKMS and value for our shareholders.”
thyssenkrupp AG announces October 20, 2025, as the planned date for the initial listing of its marine business – TKMS AG & Co. KGaA (TKMS) – in the Prime Standard segment of the Frankfurt Stock Exchange. The basis for this is the approval of the prospectus by the German Federal Financial Supervisory Authority (BaFin).
With the commercial register entry, scheduled to take place immediately before the stock market debut, the spin-off of a minority interest in TKMS and the transfer of shares to the shareholders of thyssenkrupp AG will become legally effective. The spin-off process will be concluded with the planned start of trading on October 20. thyssenkrupp will remain the strategic majority shareholder in TKMS with a stake of 51 percent.
Allotment of TKMS Shares
In the context of the spin-off, shareholders will receive one share in TKMS AG & Co. KGaA for every 20 shares in thyssenkrupp AG. Fractional shares resulting from this ratio will be sold on the stock exchange and the proceeds credited accordingly to the custodial accounts of the affected shareholders. Ordinarily, the allotment date will be Friday, October 17, 2025, which is the planned date for the commercial register entry. Anyone holding shares in thyssenkrupp AG on that date will automatically receive the corresponding number of TKMS shares posted to their custodial account.
Miguel López, CEO of thyssenkrupp AG:
“With the stock market listing of TKMS, we are opening a new chapter at thyssenkrupp. We are facilitating growth opportunities and access to the capital market for TKMS, at the same time creating value for our shareholders. Going forward, they will participate directly in the success of two companies – thyssenkrupp AG and TKMS. In this way, we are creating transparency, freedom of choice and new headroom – for TKMS, for thyssenkrupp and for our investors.”
On August 8, 2025, the Extraordinary General Meeting of thyssenkrupp AG approved the spin-off by a large majority. This standalone positioning of TKMS marks a key milestone in the strategic realignment of thyssenkrupp. The goal is to transform thyssenkrupp AG into a financial holding company that continues to hold interests in strong, independent companies under one roof.
As part of the spin-off, Deutsche Bank, Citi and Commerzbank are acting as financial advisors and listing agents in connection with the planned stock market listing. Macquarie Capital, BBVA, Crédit Agricole CIB and Société Générale are acting as additional financial advisors.