Thyssenkrupp Nucera plans IPO and listing on Frankfurt Stock Exchange

thyssenkrupp AG and thyssenkrupp nucera AG & Co. KGaA (thyssenkrupp nucera), a provider of world-leading technologies for high-efficiency electrolysis plants, on Monday announced the intention to list thyssenkrupp nucera’s shares on the Frankfurt Stock Exchange.

The Initial Public Offering (IPO) and listing of thyssenkrupp nucera’s shares on Frankfurt’s Prime Standard regulated market is expected to be completed before the summer break, subject to capital market conditions, the company said.

The offering is anticipated to consist primarily of newly issued ordinary shares from a capital increase, and the total number of shares to be offered will be determined prior to the launch of the IPO, the company said.

The proceeds of the IPO are expected to be around €500-600 million and are intended to drive the strong growth of the alkaline water electrolysis (AWE) technology business of thyssenkrupp nucera.

In addition, thyssenkrupp AG intends to remain a committed shareholder of thyssenkrupp nucera and will retain a majority stake in the hydrogen technology provider while securing to create a liquid market for the shares of thyssenkrupp nucera following the completion of the IPO, the companies said. De Nora, which holds 34% of the shares of thyssenkrupp nucera, is committed to continue the long-standing partnership with thyssenkrupp AG and thyssenkrupp nucera.

Werner Ponikwar, CEO of thyssenkrupp nucera said: “With our technology to produce green hydrogen we want to help shape the new era of sustainable energy use. Green hydrogen is a key factor for the decarbonisation of the industry and thus the achievement of climate protection targets. Our technology produces green hydrogen 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 hydrogen. 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 for the production of green hydrogen. 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.”

thyssenkrupp nucera is a provider of world-leading technologies for high-efficiency electrolysis plants. Their green hydrogen technology enables customers to minimise their carbon footprint and transform their operations into net zero. With more than 600 projects, 240,000 electrolytic cell elements produced and over 10 GW of electrolyser capacity installed, thyssenkrupp nucera is a technology leader in the chlor-alkali sector. Its experience in the chlor-alkali business stretches over five decades, providing a strong basis for the development and upscaling of its alkaline water electrolysis (AWE) business. AWE is an industrial-scale green hydrogen production technology for thyssenkrupp nucera. It enables customers to produce large volumes of hydrogen with a standardized modular approach at leading cost of ownership.

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.”