thyssenkrupp Completes TKMS Spinoff as Shares Surge in Frankfurt Debut

thyssenkrupp Marine Systems, now trading independently as TKMS. Shares began trading today, October 20, 2025, on the Frankfurt Stock Exchange under the ticker TKMS, marking the latest chapter in thyssenkrupp’s multi-year effort to simplify its structure and surface value through targeted spinoffs. This is, we believe, the first spinoff thyssenkrupp has actually completed, with previous spinoff attempts finding different resolutions.thyssenkrupp AG(TKAMY) has completed the spinoff of its naval shipbuilding d ...