Thyssenkrupp CEO Supports Creation of Industrial Champions in Europe
Thyssenkrupp CEO Miguel López advocates for the creation of major industrial players in Europe.
He plans to transform Thyssenkrupp into a financial holding company by spinning off more business units, following the successful IPO of its marine division TKMS.
„We need industrial champions in Europe“
The spin-off of TKMS resulted in a „value crystallisation of around 1 billion euros“ for Thyssenkrupp shareholders.
López emphasized that the defence sector has driven significant technological progress in Europe, with TKMS contributing to this effort through its work on non-nuclear submarines and frigates.
The company is working to bring additional business units to „capital market readiness“ as it advances its transformation.
- Transformation into a pure financial holding company
- Spin-off of business units
- Contribution to technological progress in Europe
Author's summary: Thyssenkrupp CEO supports industrial champions in Europe.