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Thyssenkrupp: now not a good time for hydrogen IPO

06/17/2022

Less than a minute

2022.06.17 14:17

Thyssenkrupp: now not a good time for hydrogen IPO
FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company’s headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen/File Photo

FRANKFURT (Reuters) – Germany’s Thyssenkrupp (ETR:TKAG) on Friday said it would for now not pursue an initial public offering of its hydrogen division Nucera, citing the current market environment.

The conglomerate still said that an IPO remained the preferred solution to grow the business, which is a 66-34 joint venture with Italy’s De Nora.

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06/17/2022

Less than a minute