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Home > Headlines > Thyssenkrupp to hold shareholder meeting ahead of warship division spin-off, CEO tells podcast

Thyssenkrupp to hold shareholder meeting ahead of warship division spin-off, CEO tells podcast

Published by Global Banking & Finance Review®

Posted on February 25, 2025

1 min read

Last updated: January 25, 2026

Thyssenkrupp to hold shareholder meeting ahead of warship division spin-off, CEO tells podcast - Headlines news and analysis from Global Banking & Finance Review

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Quick Summary

Thyssenkrupp plans a shareholder meeting to spin off its warship division, aiming for strategic cooperation in European defence, as discussed by CEO Miguel Lopez.

Thyssenkrupp Plans Shareholder Meeting for Warship Division Spin-Off

BERLIN (Reuters) - Thyssenkrupp is planning an extraordinary general meeting to conclude a spin-off of a minority stake in its warship division this calendar year, the group's Chief Executive Miguel Lopez said in a podcast released on Tuesday.

Speaking on a podcast produced by Germany's WAZ newspaper, Lopez said order books were full ahead of the planned spin-off of Thyssenkrupp Marine Systems, which makes frigates and submarines.

The spin-off was also "strategically relevant for ... Germany with a view to possible cooperation in the European defence sector," Lopez said.

Germany's likely next Chancellor Friedrich Merz, whose conservatives came in first in parliamentary elections on Sunday, has said Europe must quickly establish an independent defence capability.

(Writing by Friederike Heine; Editing by Tomasz Janowski)

Key Takeaways

•Thyssenkrupp plans a shareholder meeting for a warship division spin-off.
•CEO Miguel Lopez discussed the spin-off on a podcast.
•The spin-off is strategically relevant for European defence.
•Germany's potential new Chancellor supports independent defence.
•The spin-off is expected to occur this calendar year.

Frequently Asked Questions about Thyssenkrupp to hold shareholder meeting ahead of warship division spin-off, CEO tells podcast

1What is Thyssenkrupp planning regarding its warship division?

Thyssenkrupp is planning an extraordinary general meeting to conclude a spin-off of a minority stake in its warship division this calendar year.

2What did CEO Migu Lopez say about the order books?

Lopez mentioned that the order books are full ahead of the planned spin-off of Thyssenkrupp Marine Systems, which manufactures frigates and submarines.

3Why is the spin-off considered strategically relevant?

The spin-off is deemed strategically relevant for Germany in light of potential cooperation within the European defense sector.

4What did Friedrich Merz say about European defense?

Friedrich Merz stated that Europe must quickly establish an independent defense capability following the parliamentary elections.

Thyssenkrupp Plans Shareholder Meeting for Warship Division Spin-Off

Speaking on a podcast produced by Germany's WAZ newspaper, Lopez said order books were full ahead of the planned spin-off of Thyssenkrupp Marine Systems, which makes frigates and submarines.

The spin-off was also "strategically relevant for ... Germany with a view to possible cooperation in the European defence sector," Lopez said.

Germany's likely next Chancellor Friedrich Merz, whose conservatives came in first in parliamentary elections on Sunday, has said Europe must quickly establish an independent defence capability.

(Writing by Friederike Heine; Editing by Tomasz Janowski)

Key Takeaways

•Thyssenkrupp plans a shareholder meeting for a warship division spin-off.

•CEO Miguel Lopez discussed the spin-off on a podcast.

•The spin-off is strategically relevant for European defence.

•Germany's potential new Chancellor supports independent defence.

•The spin-off is expected to occur this calendar year.

Frequently Asked Questions

1What is Thyssenkrupp planning regarding its warship division?

Thyssenkrupp is planning an extraordinary general meeting to conclude a spin-off of a minority stake in its warship division this calendar year.

2What did CEO Migu Lopez say about the order books?

Lopez mentioned that the order books are full ahead of the planned spin-off of Thyssenkrupp Marine Systems, which manufactures frigates and submarines.

3Why is the spin-off considered strategically relevant?

The spin-off is deemed strategically relevant for Germany in light of potential cooperation within the European defense sector.

4What did Friedrich Merz say about European defense?

Friedrich Merz stated that Europe must quickly establish an independent defense capability following the parliamentary elections.