Brief: thyssenkrupp Approves Executive Board’S Plans For A Stand-Alone Solution For The Marine Business

Vallourec SA

20/06/2025 14:07

June 20 (Reuters) - THYSSENKRUPP TKAG.DE:

APPROVES EXECUTIVE BOARD’S PLANS FOR A  STAND-ALONE SOLUTION FOR THE MARINE BUSINESS

MIGUEL LÓPEZ’S CEO CONTRACT  EXTENDED BY FIVE YEAR

AIM IS TO FINALIZE THE LISTING OF TKMS  ON THE FRANKFURT STOCK EXCHANGE WITHIN THIS CALENDAR YEAR

SUPERVISORY BOARD RECOMMENDS THAT THE SHAREHOLDERS APPROVE THE SPIN-OFF OF A 49 PERCENT  MINORITY INTEREST IN MARINE SYSTEMS AT AN EXTRAORDINARY GENERAL MEETING

THROUGH THE SPIN-OFF, 51 PERCENT – AND HENCE THE MAJORITY INTEREST – OF  TKMS REMAIN WITH THYSSENKRUPP AG. TKMS THUS REMAINS A FULLY CONSOLIDATED COMPANY IN THE  THYSSENKRUPP GROUP

EXTRAORDINARY GENERAL MEETING TO BE HELD ON AUGUST 8

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Further company coverage: TKAG.DE

 (Gdansk Newsroom)

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