Thyssenkrupp hydrogen unit eyes up to $687 million in possible share sale proceeds

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Reuters UK

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp unit Uhde Chlorine Engineers aims to rake in up to 600 million euros ($687 million) by selling new shares in a possible initial public offering this year, betting on the booming hydrogen sector it supplies with equipment. This would correspond to a stake of roughly 10-20% based on a valuation range of 3 billion to 6 billion euros that analysts have put on the division, which is being rebranded Thyssenkrupp Nucera and could be listed on the stock exchange in spring. The 500 million-600 million euros in potenti…

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