TKMS spin-off and listing on the Frankfurt Stock Exchange
thyssenkrupp spun off 49% of its warship and submarine unit TKMS, which listed in Frankfurt.
- Company
- TKMS (thyssenkrupp Marine Systems)
- Type
- IPO
- Status
- Completed
- Date
- 20 Oct 2025
- Value
- Not disclosed
- Value basis
- Spin-off of 49% to thyssenkrupp shareholders (1 TKMS share per 20 thyssenkrupp shares); no new money raised
- Region
- Europe
- Segment
- Naval shipbuilding
Parties
- thyssenkrupp seller (retains 51%)
Key terms
- Ratio
- 1 TKMS share per 20 thyssenkrupp shares
- thyssenkrupp stake
- 51%
- Order backlog
- €18.6bn (June 2025)
Sources
- thyssenkrupp: planned date for stock market listing of TKMS thyssenkrupp.com · Oct 2025
- MarineLink: TKMS enjoys defence boom on stock market debut marinelink.com · Oct 2025
Record DEF-INV-2025-0028. Investments are kept apart from the financings register and never counted in debt totals.
