RIO DE JANEIRO, BRAZIL - A major global producer of iron ore and other mineral commodities, Brazil has been selected by the global management of Thyssenkrupp, the German multinational conglomerate with a focus on industrial engineering and steel production, as its global engineering center of excellence for mining equipment and technology outside Germany. The other is located in India.
The decision was made at the end of 2020, and the center was recently established with a team of 100 highly technically qualified professionals. The Plant Technology business unit has professionals in the Belo Horizonte office and the Mining Service Centers in . . .
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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.
Thyssenkrupp considering IPO or SPAC for hydrogen business, says CEO
Thyssenkrupp is considering going public with its hydrogen business.
German multinational Thyssenkrupp is considering an initial public offering (IPO) or a deal with a special purpose acquisition company (SPAC) for its hydrogen business, Martina Merz, its chief executive, has said.
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.
Two people familiar with the matter said the bank was Citi, which declined to comment.
“The main objective behind it is to fund further growth in this business. So we would want to dedicate the potential funds into growth. And that can, of course, mean also to find partners in order to grow,” Merz said.
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