Shares in warship builder TKMS start trading at 60 euros

TKMS AG & Co KgaA

20/10/2025 08:11

FRANKFURT, Oct 20 (Reuters) - Shares of Warship builder TKMS TKMS.DE started trading at 60 euros ($69.95) on Monday, as the division of German conglomerate Thyssenkrupp TKAG.DE started its run as a separately listed entity to better cash in on rising demand for defence assets.

The share price gives TKMS a market valuation of 3.8 billion euros.

($1 = 0.8578 euros)

 (Reporting by Christoph Steitz, writing by Paolo Laudani)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647))