ThyssenKrupp Marine Systems Surges 60% in Stock Market Debut
ThyssenKrupp Marine Systems (TKMS) has successfully launched on the stock exchange, marking a significant milestone for Germany's leading naval shipbuilder. Spun off from Thyssenkrupp in August, TKMS is valued at approximately 5.3 billion euros, exceeding analysts' expectations.
The company's stock surged over 60%, reaching prices above 89 euros, while Thyssenkrupp's shares fell by 20%. TKMS specializes in non-nuclear submarines and boasts an extensive order volume of 18.5 billion euros, employing around 8,300 people.
This strategic separation underscores ThyssenKrupp's restructuring efforts and highlights the growing importance of maritime security in today's geopolitical landscape. CEO Oliver Burkhard emphasized the strong signal this move sends regarding the future of naval defense.
The press radar on this topic:
Shipbuilder TKMS Goes Public
Spin-off from Thyssenkrupp TKMS starts strongly on the stock market
Thyssenkrupp Subsidiary TKMS: Shipyard Successfully Launches on the Stock Market - DER SPIEGEL
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