Thyssenkrupp AG has approved a spin‑off of its materials trading arm, to be listed on the Frankfurt Stock Exchange by year‑end. The move follows the company’s plan to transform into a holding structure, separating its largest revenue‑generating division. TK Accelis will emerge with a €11.4 bn sales figure in the year to September for investors seeking industrial exposure.

Thyssenkrupp will keep a 51 % stake in the new entity, while 49 % will be distributed to current shareholders. Shareholder approval at an extraordinary general meeting on 7 August is considered a formality, after the company successfully spun off its submarine unit, Thyssenkrupp Marine Systems, earlier in the year to align with its restructuring strategy and unlock shareholder value.

Market watchers note the spin‑off mirrors earlier attempts to divest the beleaguered steel arm, where talks with Jindal Steel & Power Ltd stalled after EU protection measures. Thyssenkrupp’s decision to retain a majority stake underscores confidence in the trading division’s growth prospects, while leaving the steel business’s future open for a potential sale or separate listing for shareholders seeking clarity.