Thyssenkrupp CEO Supports Creation of Industrial Champions in Europe
Thyssenkrupp CEO Miguel López advocates for the creation of major industrial players in Europe.
He plans to transform Thyssenkrupp into a financial holding company by having more spinoffs, positioning it as a dividend stock.
- The company successfully IPOed its marine division TKMS.
- Thyssenkrupp is working to bring additional business units to "capital market readiness".
With TKMS, we are making our contribution – in non-nuclear submarines and frigates.
López noted that the spin-off of TKMS resulted in a "value crystallisation of around 1 billion euros" for Thyssenkrupp shareholders.
López emphasized that the defence sector has often driven "important technological progress" in Europe.
Author's summary: Thyssenkrupp transforms into financial holding company.
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