ThyssenKrupp will divest its materials trading division by 2026.

Three informed sources revealed that ThyssenKrupp may soon spin off, list, or divest its materials trading division this year, and is considering changing the legal form of the business to maintain control in case of majority share sales. The sales of ThyssenKrupp Materials Services account for more than one third of ThyssenKrupp's total sales, and discussions surrounding the company signify a further step in the group's comprehensive reform under the leadership of CEO Miguel Lopez, following the spin-off of its defense department and ongoing negotiations for the sale of its steel division.