Linklaters has advised thyssenkrupp AG and TKMS AG & Co. KGaA on the spin-off and stock exchange listing of its marine business TKMS. The limited partnership shares of TKMS AG & Co. KGaA were listed yesterday in the Prime Standard segment of the Frankfurt Stock Exchange. As part of the spin-off, 49 percent of TKMS limited partnership shares were to the existing shareholders of thyssenkrupp AG. Shareholders of thyssenkrupp AG received one limited partnership share in the new TKMS AG & Co. KGaA for every 20 shares of thyssenkrupp AG. thyssenkrupp AG will continue to hold a majority share of 51 percent in TKMS AG & Co. KGaA after the spin-off.
The stock market debut marks the completion of TKMS spin-off from thyssenkrupp AG as a separate, publicly traded company. Linklaters has been providing comprehensive advice to thyssenkrupp AG and TKMS AG & Co. KGaA since 2022 on the preparation and implementation of the spin-off and listing of the marine business TKMS.
The Linklaters team is led by Dr Ralph Wollburg (Chairman Global Corporate and Co-Head of Global M&A), Dr Andreas Zenner (Corporate/M&A, both Dusseldorf), Dr Alexander Schlee (all Partner, Capital Markets, Frankfurt) and Dr Julius Raapke (Counsel, Corporate/M&A, Dusseldorf). The team also includes Dr Julian Böhmer (Tax), Christoph Barth (Antitrust & Foreign Investment Control, both Dusseldorf), Dr Michael Leicht (TMT, Frankfurt), Dr Jan Endler, Dr Jana Hager (all Partner, both Public Law, Berlin), Marco Huchzermeier (Corporate/M&A, Dusseldorf), Dr Urs Lewens (Banking, Frankfurt), Kevin Roy (all Counsel, Corporate/M&A, Berlin/Frankfurt), Dr Geesa de Vries (Corporate/M&A, Dusseldorf), Dr Benedikt Schewe (Tax Law), Tosan Kraneis (Capital Markets, Frankfurt), Dr Lasse Petersen Weis (Banking, both Frankfurt), Ann-Christin Käser (all Managing Associates, Antitrust & Investment Control, Munich), Dr Philipp Roebers, Dr Nikolas Kau, Maximilian Bunte, Dr Max Malte Suchsland, Dr Alparslan Aksoylu (Corporate/M&A), Dr Yannick Klecker (Tax), Dr Alexander Fuchs (Antitrust & Foreign Investment Control, all Dusseldorf), Alexander Auster (both Capital Markets), Alexander Gatlin (Corporate/M&A) and Antonia Mertens (all Associate, TMT, all Frankfurt).
Other offices involved included Brussels, Lisbon, London, Madrid, Milan, New York, Singapore and Washington DC.
Linklaters has been advising thyssenkrupp for many years on strategic transactions and projects, including the sale of its elevator business, the entering into a strategic partnership with EP Corporate Group in relation to its steel business and the transformation and IPO of its hydrogen subsidiary thyssenkrupp nucera.
