Business · Companies · 10 hrs ago
Thyssenkrupp’s materials business begins trading as TK Accelis
Thyssenkrupp’s materials business began trading separately on the stock market as TK Accelis on Wednesday.
The business sells materials including flat steel, stainless steel and aluminium, and its first share price was €27.80, valuing it at €1.77 billion.
Analysts had expected a higher value, while Thyssenkrupp’s own shares fell sharply during the day.
The German industrial group retained a 51% majority stake in the new company.
The move is part of a plan to split Thyssenkrupp into separate businesses, which the company hopes investors will value more clearly.
TK Accelis has about 15,500 employees in 30 countries and recorded €11.4 billion in sales last year.
Thyssenkrupp is also considering a stock-market listing for its struggling steel division.
Thyssenkrupp’s materials business began trading separately as TK Accelis on October 28, 2026.
The shares opened at 27.80 euros, valuing the company at 1.77 billion euros, below analysts’ expectations.
Thyssenkrupp retained a 51 percent majority stake, while its shareholders received one Accelis share for every 20 Thyssenkrupp shares.
The business employs about 15,500 people in 30 countries and reported revenue of 11.4 billion euros last year.
Thyssenkrupp is also considering a stock-market listing for its struggling steel business.
- Who
- Thyssenkrupp’s materials business, now named TK Accelis.
- What
- The company’s shares began trading separately on the stock market.
- When
- October 28, 2026.
- Where
- Not stated.
- Why
- Thyssenkrupp spun off the business as part of its plan to become more of a financial holding company.
This story does not have two clearly opposing sides.
Thyssenkrupp brought its marine business, TKMS, to the stock market.
TK Accelis began trading separately, opening at 27.80 euros per share.
Thyssenkrupp chief executive Miguel Lopez considered a stock-market listing for the steel business.
- Opening share price
- 27.80 euros
- Opening valuation
- 1.77 billion euros
- Thyssenkrupp’s retained stake
- 51 percent
- Share distribution
- One Accelis share for every 20 Thyssenkrupp shares
- Workforce
- About 15,500 people in 30 countries
- Revenue
- 11.4 billion euros last year
3 sources
What people are saying
The market floor was happy with the price and so am I.
Beginning of a new chapter.