Thyssenkrupp announced its intention to sell minority stakes in its automotive, materials trading, and green technologies divisions over the coming years. This move is part of the German conglomerate’s ongoing efforts to streamline its wide-ranging industrial operations, which include submarines, steel, and car parts.
The company stated that the plan continues a restructuring process that began with the sale of most of its elevator division. CEO Miguel Lopez said the goal is to unlock value and support targeted investments and growth by giving these divisions more independence.
Thyssenkrupp will retain majority ownership in all three units, following the model of its hydrogen business, Thyssenkrupp Nucera, which went public in 2023. The automotive and materials units will be prepared for the capital market, while Decarbon Technologies will become independent.
Thyssenkrupp aims to evolve into a holding company with shares in separate businesses. It is also preparing to spin off its warship division in 2025 and create a steel joint venture with Czech billionaire Daniel Kretinsky.
