Published by Global Banking & Finance Review®
Posted on April 9, 2025
1 min readLast updated: January 24, 2026
Thyssenkrupp is considering exit options for its materials trading unit, valued at 2 billion euros, to streamline its steel business amid high costs and competition.
(Reuters) - Germany's ThyssenKrupp AG is exploring exit options for its materials trading subsidiary that could be valued at as much as 2 billion euros ($2.21 billion), Bloomberg News reported on Wednesday, citing people familiar with the matter.
The company has held talks with potential advisors as it seeks options for Thyssenkrupp Materials Services, including a spinoff of the business and a sale.
The unit provides logistics and processing services for materials such as steel and plastics.
The firm is trying to streamline its struggling steel business, under pressure from high energy costs and cheap Asian rivals.
ThyssenKrupp is focused on the separation of its Steel and Marine division, the company told Reuters, adding that the primary aim for all segments is to increase growth and performance, including through partnerships and portfolio activities.
The company said in March it was moving ahead with a planned spin-off of a minority stake in its warship division.
($1 = 0.9042 euros)
(Reporting by Chandni Shah and Gursimran Kaur in Bengaluru; Editing by Shinjini Ganguli)
Thyssenkrupp is exploring exit options for its materials trading unit, potentially through a spinoff or sale.
To streamline its steel business and address pressures from high energy costs and competition.
The materials trading unit could be valued at up to 2 billion euros.
Explore more articles in the Finance category
