Deals
Saudi Wealth Fund Weighs Stake in Thyssenkrupp’s Hydrogen Unit
- German firm’s $5 billion Nucera arm has been preparing for IPO
- Kingdom wants to become world’s biggest hydrogen exporter
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Saudi Arabia’s Public Investment Fund is considering buying a stake in Thyssenkrupp AG’s hydrogen unit as the oil-rich kingdom pivots to greener forms of energy production, people familiar with the matter said.
The sovereign wealth fund is in the early stages of studying a potential investment in the engineering conglomerate’s Nucera business, the people said, asking not to be identified discussing confidential information.