Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Thyssenkrupp's hydrogen business gets KGaA structure

Published 13/01/2022, 15:14
Updated 13/01/2022, 15:18
© Reuters. FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company's headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen/

FRANKFURT (Reuters) - Thyssenkrupp (DE:TKAG) Nucera, the hydrogen business co-owned by Thyssenkrupp and De Nora and a potential IPO candidate, will have a legal form that would give any new investors little sway over strategic matters.

Thyssenkrupp Nucera, in which Thyssenkrupp owns 64% and De Nora holds 34%, will take the legal form of a KGaA, according to slides presented during the division's capital markets day, which effectively consolidates power among big existing owners.

Nucera's legal form would change to the more common AG once the combined ownership of Thyssenkrupp and De Nora falls below 40%, the slides show.

© Reuters. FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company's headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen/

Prominent examples of the KGaA structure include German pharma group Merck, healthcare firm Fresenius and wealth manager DWS, all of which have majority shareholders.

Thyssenkrupp, too, has said it wants to keep a majority in Thyssenkrupp Nucera in an IPO.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.