Thyssenkrupp's largest shareholder sees 'window of opportunity' for steel spin-off
Thyssenkrupp's largest shareholder sees 'window of opportunity' for steel spin-off
Wed, October 14, 2026 at 3:04 AM UTC
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DUESSELDORF, Germany, Oct 14 (Reuters) - The head of the Krupp Foundation, the largest shareholder in German conglomerate Thyssenkrupp, believes there is currently a "window of opportunity" to spin off the firm's steel division, according to an interview published on Wednesday.
• "I have the impression that there is currently a good window of opportunity for such a step," foundation head Ursula Gather said in the interview with the WAZ newspaper.
• She said she was optimistic due to Thyssenkrupp's restructuring deal with the IG Metall union, the sale of its stake in steelmaker HKM and additional protection for Europe's steel industry through EU tariffs.
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• Gather has chaired the board of trustees of the Alfried Krupp von Bohlen und Halbach Foundation, which holds just under 21% of the company, since 2013.
• CEO Miguel Lopez plans to transform the Ruhr-based group into a financial holding company. He has already taken the hydrogen subsidiary Nucera and defence company TKMS public. Its materials trading subsidiary, tk accelis, is set to follow later this year.
(Reporting by Tom Kaeckenhoff Writing by Miranda Murray; editing by David Gaffen)
Source: “AOL Money”
