Thyssenkrupp has hired an investment firm to look at strategic options for its hydrogen business, according to Chief Executive Martina Merz, who added that the company was aiming for “partial value crystallization.”
In a conference call with investors, Merz added that other choices could include an IPO or a partnership with a special purpose acquisition company (SPAC), and that the investment bank was expected to come up with proposals by the summer.
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