Shares of tk accelis start trading at €27.8 after Thyssenkrupp spin-off
Shares of tk accelis began trading at €27.8 each as Thyssenkrupp handed existing shareholders a 49% minority stake in its materials trading unit.
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what happened
Shares in tk accelis (TKCC.DE) started listing on Wednesday at €27.8 apiece, Reuters reported. Parent Thyssenkrupp spun off a 49% minority stake in its materials trading division to existing shareholders.
Based on the total number of shares, tk accelis is valued at €1.77 billion, or $1.97 billion at a rate of 0.8993 euros to the dollar.
why it matters
A separate listing gives investors direct access to materials trading, a business that until now sat inside Thyssenkrupp. For the group, the deal creates a new publicly traded asset with its own market valuation.
market impact
Thyssenkrupp shares: new tk accelis listing brings part of the group's business to market
tags
instruments
sources
- Thyssenkrupp's tk accelis starts trading at €27.8 per share — Reuters, 28 October 2026 at 08:08 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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