Thyssenkrupp Spins Off Submarine Builder TKMS

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Thyssenkrupp is setting the course for a focused Group strategy by splitting off its Marine business, thereby gaining the tailwind of analysts. This is what the index radar forecast model sees as further price development.

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Factuality

Ownership

Shareholders of German conglomerate Thyssenkrupp have approved the plan to separate its defense division TKMS, in a new stage of the group's restructuring, with the aim of fully capitalizing on its potential in the context of increasing European military budgets. TKMS, a manufacturer of submarines, frigates and mine neutralization technologies, has increased its order portfolio to over 18 […] The article Thyssenkrupp is splitting up - its defens…