"With the strategic transformation of thyssenkrupp, we are resolutely continuing on our chosen course. The future independence of our current segments – with the advantage of their own access to capital markets and the possibility of third-party investment – will increase their entrepreneurial flexibility, strengthen their investment plans and earnings responsibility, and improve transparency for investors," said thyssenkrupp chief executive officer Miguel López. 

“Such a step will enable us to leverage the full value creation potential of the businesses and use their independence in a targeted way for investments, market opportunities, and further growth," he added. 

The company said the plan is to gradually separate all of its business segments and open them up for third-party investment. The exception is its European steel business, which would become a 50-50 joint venture with Czech billionaire Daniel Křetínský’s EP Corporate Group. 

“With the initiated spin-off of a minority stake in thyssenkrupp Marine Systems and the planned 50/50 joint venture between thyssenkrupp Steel Europe and EPG, important steps have already been taken in this direction,” the company said.