Photo credit: TKMS
TKMS maritime defense provider has made on Monday its debut on the Frankfurt Stock Exchange. The listing of Germany’s TKMS marks the completion of TKMS’s spin-off from thyssenkrupp AG as an independent, publicly traded company.
As part of the spin-off, a minority stake of 49% of TKMS shares was transferred prior to the start of trading to the existing shareholders of thyssenkrupp AG, in proportion to their current holdings.
Each TKMS share carries both voting and dividend rights.
Following the spin-off, thyssenkrupp AG will remain the majority shareholder of TKMS.
The company, which traces its roots back 185 years, is a naval company with more than 9,100 employees (including temporary workers) at three shipyards in Kiel, Wismar and Itajaí (Brazil), and with locations worldwide.
The company is active as a systems supplier for submarines and naval surface vessels as well as for…
