Thyssenkrupp's tk accelis starts trading at €27.8 per share
Thyssenkrupp's tk accelis starts trading at €27.8 per share FRANKFURT, Oct 28 (Reuters) - Shares in tk accelis TKCC.DE started listing at €27.8 per share on Wednesday, as parent Thyssenkrupp TKAG.DE spun off a 49% minority in the materials trading division to existing shareholders.
Based on the number of total shares, this values tk accelis at €1.77 billion ($1.97 billion).
($1 = 0.8993 euros)
(Reporting by Christoph Steitz and Kira Britten, editing by Kirsti Knolle)
((christoph.steitz@thomsonreuters.com; +49 30 220 133 647))
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