Factbox: Thyssenkrupp breaks into two pieces

Thyssenkrupp unveiled plans on Thursday to spin off its capital goods business into a separately-listed entity, effectively splitting the conglomerate in two.

Below are the key facts of the two planned companies, to be called Thyssenkrupp Materials and Thyssenkrupp Industrials:THYSSENKRUPP INDUSTRIALS

The new spin-off company will consist of:

- Elevator Technology, Thyssenkrupp`s most profitable and valuable business

- Components Technology, which supplies the automotive industry, although the division`s Bearings and Forged Technologies units will move to Thyssenkrupp Materials

- Industrial Solutions, Thyssenkrupp`s plant engineering business, although its System Engineering unit, which builds production lines for cars, will be made a part of Components Technology

- Based on pro-forma figures for 2016/17, Thyssenkrupp Industrials would generate sales of about 16 billion euros ($18.7 billion) and have about 90,000 employees

- Existing shareholders of Thyssenkrupp will initially own a majority of Thyssenkrupp Industrials, while Thyssenkrupp Materials will hold the restTHYSSENKRUPP MATERIALS

- Based on pro-forma figures for 2016/17, Thyssenkrupp Materials would generate sales of about 18 billion euros and have nearly 40,000 employees

- Existing shareholders of Thyssenkrupp will continue to own 100 percent of Thyssenkrupp Materials

- This company will comprise Materials Services, Thyssenkrupp`s largest division by sales which is active in the trading of steel and other materials and includes stainless steel unit Acciai Speciali Terni (AST)

- It will also own the 50 percent stake in a planned European steel joint venture with Tata Steel announced earlier this year

- Marine Systems, Thyssenkrupp`s struggling shipbuilding division will also be a part of this business, as will the company`s slewing bearings and forging operations

($1 = 0.8563 euros)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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