Thyssenkrupp Plans Marine IPO Within a Year, Division Head Says
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Thyssenkrupp AG is planning an initial public offering of its naval shipbuilding unit within a year after plans to sell a majority stake to private equity firm Carlyle Group Inc. collapsed, the division’s chief executive officer said in a newspaper interview.
“We are continuing to pursue the independence of Thyssenkrupp Marine Systems,” Oliver Burkhard, the unit’s chief executive officer, told German newspaper Welt am Sonntag in an interview published Saturday. “This means we prefer a spinoff, a separation of TKMS via an IPO.”