Dhe steel company Thyssenkrupp is considering, according to circles, an IPO of its steel division. The background is the growing resistance to a sale to industry colleague Liberty Steel, reported the Bloomberg news agency on Monday, citing people familiar with the matter.
Accordingly, the supervisory board had asked the management to look for an alternative for the sale. Previously, union representatives and major shareholders had expressed concerns about the sale plans.
After the news, the share topped the M-Dax and recently rose by more than 7 percent.
A Thyssenkrupp spokesman only said that developing the division in-house remains an option. Liberty didn’t want to comment.