Published by Global Banking & Finance Review®
Posted on February 25, 2025
1 min readLast updated: January 25, 2026
Thyssenkrupp plans a shareholder meeting to spin off its warship division, aiming for strategic cooperation in European defence, as discussed by CEO Miguel Lopez.
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)
Thyssenkrupp is planning an extraordinary general meeting to conclude a spin-off of a minority stake in its warship division this calendar year.
Lopez mentioned that the order books are full ahead of the planned spin-off of Thyssenkrupp Marine Systems, which manufactures frigates and submarines.
The spin-off is deemed strategically relevant for Germany in light of potential cooperation within the European defense sector.
Friedrich Merz stated that Europe must quickly establish an independent defense capability following the parliamentary elections.
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