Thyssenkrupp mulls divesting materials trading unit this year, Reuters says

Thyssenkrupp (TKAMY) may spin off, list, or divest Thyssenkrupp Materials Services, its materials trading business, as soon as 2026 and is mulling changing the unit’s legal form to maintain control in the case of a majority sale, Reuters’ Christoph Steitz and Tom Kaeckenhoff report, citing three people familiar with the matter. The deliberations around Thyssenkrupp MX, which accounts for over a third of the company’s total sales, comes as talks to sell the company’s steel business continue, the authors note.