Last week, Romania’s largest producer of chemical fertilizers, Azomures, announced that it would temporary cut production amid rising energy prices. It is
Thyssenkrupp considers IPO or SPAC for hydrogen business - CEO
05/11/2021 | 12:17pm EDT
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FRANKFURT (Reuters) -Thyssenkrupp is considering an initial public offering (IPO) or a deal with a special purpose acquisition company (SPAC) for its hydrogen business, Chief Executive Martina Merz said on Tuesday.
A 66-34 joint venture of Thyssenkrupp and Italy s De Nora, Thyssenkrupp Uhde Chlorine Engineers (TKUCE) is the world s largest supplier of chlor-alkali membrane technologies used to produce hydrogen.
In a call with analysts, Merz said Thyssenkrupp has hired an investment bank to explore strategic options for the business and to come up with proposals by the summer.