Nucera develops plants that produce green hydrogen.
(Photo: mauritius images / Timon Schneider / Alamy / Alamy Stock Photos)
Eat Thyssen-Krupp is serious about the IPO of its hydrogen subsidiary Nucera. The placement of the shares is planned before the summer break, provided the market environment plays along, the steel and industrial group announced on Monday. According to the information, Thyssen-Krupp intends to hold a majority stake in its subsidiary in the long term. The previous minority shareholder Industrie De Nora wants to continue its long-standing partnership with the company.
According to its own statements, Thyssen-Krupp Nucera wants to offer newly issued common shares from a capital increase in the IPO. The proceeds – around 500 million to 600 million euros are expected – are to be used to expand the alkaline water electrolysis business. Thyssen-Krupp had already considered an IPO for Nucera last year, but initially refrained from doing so due to the volatile market conditions.
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