FRANKFURT (Reuters) – Thyssenkrupp has mandated an investment bank to explore strategic options for the conglomerate’s hydrogen business, Chief Executive Martina Merz said, adding the group was looking for a “partial value crystallisation”.
Merz, in a call with analysts, added options could include an initial public offering or a deal with a special purpose acquisition company (SPAC) and that the investment bank was supposed to come up with proposals by summer.
(Reporting by Christoph Steitz, editing by Kirsti Knolle)
