Thyssenkrupp could divest materials trading division as soon as 2026, sources say 

Thyssenkrupp could spin off, list or divest its materials trading division as soon as this year and is considering changing the business’s legal form to keep control in case of a majority sale, three people familiar with the matter said. 

Why it matters

The deliberations around Thyssenkrupp Materials Services (MX), which accounts for more than a third of Thyssenkrupp’s sales, mark another step in the group’s overhaul under CEO Miguel Lopez after a spin-off of its defence division and while talks to sell its steel unit continue. Shares in the company rose as much as 4.2% following the report.