TK Accelis: Thyssenkrupp-Aktionäre machen Weg für nächste Abspaltung frei
Nach TKMS löst Thyssenkrupp auch seinen Werkstoffhandel aus dem Konzern. Die Aktionäre stimmen der Abspaltung von TK Accelis zu, warnen allerdings erneut vor zu viel Macht der Konzernmutter.
Thyssenkrupp's shareholders have cleared the way for the next major spin-off of the industrial conglomerate, voting at an extraordinary general meeting to split 49 percent of TK Accelis, the former Materials Services division, and bring the company to the stock exchange. The listing is expected to follow by the end of October. This move brings CEO Miguel Lopez's goal one step closer, transforming Thyssenkrupp from a classic industrial conglomerate into a financial holding with largely independent stakes.
Thyssenkrupp had already undergone a similar spin-off of 49 percent of the Marines division TKMS and brought it to the stock exchange last year. However, Thyssenkrupp also retains 51 percent of TK Accelis, retaining the majority stake. Critics, including investors, have raised concerns, particularly about the economic and practical control remaining firmly in the hands of the parent company.
The DWS, a fund management company, supports the basic principle of self-standalone operations but questions how truly independent TK Accelis will be, given that the economic and practical control will be "firmly in the hands of the parent company," according to DWS representative Philipp Weinmann. Minors shareholders worry about the economic risk while retaining limited influence.
The DWS also calls for a perspective on increasing shareholder spread and potentially converting to a regular joint-stock company. This issue extends beyond TK Accelis, as Thyssenkrupp aims to not operate businesses entirely in the long term. The "ACES 2030" concept implies that the parent company will focus primarily on its role as a shareholder and financial control of its portfolio.
The supervisory board also plans to reduce its operational control in favor of a part of the strategic oversight. The spin-off of TK Accelis aims to make the material business more profitable and position it on the capital market, with TK Accelis anticipating a revenue growth of more than four percent annually and a net margin of four to five percent in the medium term.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
