Thyssenkrupp targets October 20 for spin off of warship business, sources say

Core Viewpoint - Thyssenkrupp is planning to spin off its defense division TKMS, with a target date of October 20, which could value the warship builder at up to €2.7 billion [1] Group 1 - The spin-off of TKMS is part of Thyssenkrupp's strategy to focus on its core businesses [1] - Analysts suggest that the valuation of TKMS could reach €2.7 billion, indicating strong market interest in defense assets [1]