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Thyssenkrupp|Tk Accelis|Germany|Frankfurt Stock Exchange|Critical Minerals|Materials Trading|Steel
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thyssenkrupp|tk-accelis|germany|frankfurt-stock-exchange|critical-minerals|materials-trading|steel

Thyssenkrupp targets October 28 for listing of materials trading unit, sources say

5th October 2026

By: Reuters

  

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FRANKFURT/DUESSELDORF - Thyssenkrupp is targeting October 28 for the separate listing of its materials trading division tk accelis on the German stock exchange, according to two people familiar with the matter.

The spin-off of 49% of tk accelis marks the conglomerate's latest step to simplify its structure and turn into a slim holding company owning substantial stakes in its operating divisions.

tk accelis could reach €3.6-billion ($4.02-billion) enterprise value, according to Jefferies analysts.

Thyssenkrupp previously indicated that a listing could happen at the end of October.

tk accelis employs around 15 500 people, is active in 30 countries and had sales of €11.4-billion in the 2024/2025 fiscal year.

The business targets an adjusted margin for earnings before interest, tax, depreciation and amortisation of 4% to 5%, compared with 2% during 2024/2025

Thyssenkrupp declined to comment on the date, saying only that the listing was planned to take place by the end of 2026.

tk accelis supplies steel products, including flat carbon steel, quality steel, and stainless steel, as well as aluminium products, industrial minerals, metallurgical coal, copper, nickel, tutanium and specialty materials such as rare earths.

Edited by Reuters

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