Thyssenkrupp CEO Supports Creation of Industrial Champions in Europe
Thyssenkrupp CEO Miguel López advocates for the establishment of major industrial players in Europe.
He plans to transform Thyssenkrupp into a financial holding company by undertaking more spinoffs, positioning it as a dividend stock.
Following the successful IPO of its marine division TKMS, Thyssenkrupp aims to prepare additional business units for the capital market.
“We need industrial champions in Europe”
According to López, the spin-off of TKMS resulted in a "value crystallisation of around 1 billion euros" for Thyssenkrupp shareholders.
López also highlighted the significant technological progress driven by the defence sector in Europe, with TKMS contributing to this progress through its work on non-nuclear submarines and frigates.
Author's summary: Thyssenkrupp CEO Miguel López supports creating industrial champions in Europe.
- Thyssenkrupp plans to transform into a financial holding company
- More spinoffs are expected to follow the successful IPO of TKMS
- Defence sector drives important technological progress in Europe
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