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    Home > Headlines > Thyssenkrupp's TKMS plans backed by Berlin, says supervisory board head
    Headlines

    Thyssenkrupp's TKMS plans backed by Berlin, says supervisory board head

    Published by Global Banking and Finance Review

    Posted on August 4, 2025

    1 min read

    Last updated: January 22, 2026

    Thyssenkrupp's TKMS plans backed by Berlin, says supervisory board head - Headlines news and analysis from Global Banking & Finance Review
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    Quick Summary

    Thyssenkrupp's TKMS spin-off is backed by Berlin, emphasizing its strategic role in European defence consolidation.

    Berlin Supports Thyssenkrupp's Spin-Off Plans for TKMS Division

    BERLIN (Reuters) -Thyssenkrupp's plans to spin off its TKMS defence division are fully understood and supported by the German government, said supervisory board chairman Siegfried Russwurm in prepared remarks published on Monday.

    "Both the Executive Board and the Supervisory Board are fully aware of TKMS' significance in terms of security policy, and therefore engaged in intensive dialogue with the relevant government authorities," said Russwurm in remarks to be given at the company's extraordinary general meeting on August 8.

    The German industrial group, buoyed by robust demand for defence technology, is set to spin off 49% of TKMS to shareholders in the autumn, pending approval at the EGM.

    Thyssenkrupp CEO Miguel Lopez also said in prepared remarks that TKMS' chosen structure would allow the company to play an active role in the expected consolidation of the European defence industry.

    "We therefore remain open to future discussions," he said according to the remarks published online.

    (Reporting by Tom Kaeckenhoff, Writing by Miranda Murray, Editing by Friederike Heine)

    Key Takeaways

    • •Thyssenkrupp plans to spin off 49% of TKMS.
    • •The German government supports the spin-off.
    • •TKMS is significant for security policy.
    • •The spin-off aims for European defence consolidation.
    • •Approval pending at the extraordinary general meeting.

    Frequently Asked Questions about Thyssenkrupp's TKMS plans backed by Berlin, says supervisory board head

    1What is Thyssenkrupp's plan for its TKMS division?

    Thyssenkrupp plans to spin off 49% of its TKMS defense division to shareholders in the autumn, pending approval at the Extraordinary General Meeting.

    2How does the German government view the TKMS plans?

    The German government fully understands and supports Thyssenkrupp's plans for TKMS, recognizing its significance in terms of security policy.

    3What did Thyssenkrupp's CEO say about the company's future?

    Thyssenkrupp CEO Miguel Lopez stated that the chosen structure for TKMS would enable the company to actively participate in the anticipated consolidation of the European defense industry.

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