TKMS talks to financial investors about participation

TKMS shipyard in Kiel

Thyssen-Krupp’s shipbuilding division is to become more independent.

(Photo: IMAGO/penofoto)

Frankfurt, Berlin Thyssen-Krupp’s shipyard division has spoken to a number of financial investors about getting involved. The management of Thyssen-Krupp Marine Systems (TKMS) was approached by representatives of private equity funds to explore a possible participation, the Handelsblatt learned from people familiar with the topic.

The talks are at an early stage. “It is being explored, not specifically negotiated,” said one person from the circle.

The background to the talks is the preparations for the carve-out of TKMS, which could be followed by an IPO of the traditional Kiel company, which achieved sales of 1.8 billion euros in the past financial year.

Thyssen-Krupp estimates TKMS at around two billion euros

On the way there, a financial investor could acquire a minority position in order to separate the division from the group of companies and accelerate operational changes. After a later IPO, the financial investor could sell his stake.

Top jobs of the day

Find the best jobs now and
be notified by email.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

source site-11