Thyssenkrupp Maps a Capital-Markets Exit for Steel Europe as Duisburg's Green Clock Slips to 2029
Published on 11/10/2026 at 02:50 | Editorial boerse-global.de
Thyssenkrupp chief executive Miguel López has confirmed that the conglomerate is grooming its Steel Europe division for a possible stock-market listing, telling Reuters on 28 October that a sale via the capital markets is now the preferred route after earlier attempts to bring in industrial partners fell flat.
The disclosure came just as the group completed the first step of its break-up. The materials-trading and services arm tk accelis began trading on the Frankfurt stock exchange on 28 October, with Thyssenkrupp retaining 51% of the shares according to its own figures.
Morgan Stanley Trims Exposure as LBBW Cuts Target
On the investor side, Morgan Stanley reported on the following day that it had reduced its aggregate position in Thyssenkrupp from 7.96% to 4.1%. The holding covers voting rights as well as financial instruments, and the threshold was crossed on 2 November.
LBBW, meanwhile, lowered its price target on 4 November to EUR 18 from EUR 19 while keeping its "Buy" rating intact.
Should investors sell immediately? Or is it worth buying Thyssenkrupp?
Duisburg Start Pushed Back Two Years
The green-steel programme is moving on a slower track. A spokesperson for Thyssenkrupp Steel Europe confirmed on Friday that production at the Duisburg direct-reduction plant is now slated to begin in 2029 rather than the originally planned 2027, citing the engineering phase as the principal reason. The hydrogen-based project for lower-carbon steel carries a total price tag of roughly EUR 3 billion.
Funding, at least, is settled: on 30 October the company received a definitive subsidy decision for tkH2Steel, a notification it described as a milestone for the project.
Chlor-Alkali Plant Fires Up in Gujarat
There was operational news from the group's hydrogen subsidiary as well. On Thursday, Thyssenkrupp nucera commissioned a chlor-alkali facility for Kutch Chemical Industries in Padana, in the Indian state of Gujarat.
Thyssenkrupp at a turning point? This analysis reveals what investors need to know now.
Shares Advance on Oil Slide and Ukraine Hopes
The equity has been catching a bid. Thyssenkrupp rose 5.0% in a firm market on one session, a broad German recovery that dpa-AFX linked in part to a sharp drop in crude prices and simultaneous strength on Wall Street. In a later session the stock added 4.2% as the German market climbed, trading at EUR 12.36, with Dow Jones attributing the mood to further declines in oil and hopes of progress in the Ukraine peace efforts at the start of the week.
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Thyssenkrupp Stock: New Analysis - 10 November
Fresh Thyssenkrupp information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
