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thyssenkrupp nucera plans initial public offering

thyssenkrupp AG and thyssenkrupp nucera AG & Co. KGaA (thyssenkrupp nucera), a provider of world-leading technologies for high-efficiency electrolysis plants, announce the intention to list thyssenkrupp nucera’s shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. The Initial Public Offering (IPO) and listing of thyssenkrupp nucera’s shares is expected to be completed before the summer break, subject to capital market conditions.

The offering is anticipated to consist primarily of newly issued ordinary shares from a capital increase (Primary Offering). The total number of shares to be offered in the IPO, in addition to other relevant terms, will be determined prior to the launch of the IPO. The proceeds of the Primary Offering are expected to be around €500 MM−€600 MM and are intended to drive the strong growth of the alkaline water electrolysis (AWE) technology business of thyssenkrupp nucera. thyssenkrupp AG intends to remain a committed shareholder of thyssenkrupp nucera and will retain a majority stake in the H2 technology provider while securing to create a liquid market for the shares of thyssenkrupp nucera following the completion of the IPO. De Nora, which holds 34% of the shares of thyssenkrupp nucera, is committed to continuing the long-standing partnership with thyssenkrupp AG and thyssenkrupp nucera.

Werner Ponikwar, CEO of thyssenkrupp nucera said, “With our technology to produce green H2 we want to help shape the new era of sustainable energy use. Green H2 is a key factor for the decarbonization of industry and thus the achievement of climate protection targets. Our technology produces green H2 on a large scale and supports our customers on their way to climate neutrality.”

Miguel Ángel López Borrego, CEO of thyssenkrupp AG said, “We want to further increase thyssenkrupp nucera’s visibility as a global electrolysis technology leader for green H2. Our goal is to participate significantly in the growth of one of the key enablers of the green transformation. A potential IPO would enlarge the financial flexibility of thyssenkrupp nucera and raise its profile as a leading supplier of technology to produce green H2. thyssenkrupp nucera will receive the proceeds of the Primary Offering. thyssenkrupp AG is committed to remaining a long-term shareholder of thyssenkrupp nucera and accompanying its growth strategy.”

Paolo Dellachà, CEO of De Nora said, “We are strongly committed to our strategic partnership with thyssenkrupp nucera. The combination of our technologies with our manufacturing capacity of AWE elements can play, and is already playing, a key role in the sustainable energy revolution. A potential IPO of thyssenkrupp nucera is a strategic step to support the projected growth further and increase our technological leadership position.”

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