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Thyssenkrupp Nucera launches €600m IPO

June 12, 2023

German conglomerate Thyssenkrupp has launched an initial public offering of its hydrogen division Nucera to raise €600m via the sale of new shares.

The subsidiary, Thyssenkrupp Nucera, is a 66:34 joint venture between Thyssenkrupp and Italian multinational De Nora. The listing could value the joint venture at around €5bn, and could happen this week.

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