Thyssenkrupp's hydrogen division Nucera aims to list in autumn - Reuters.com

Reuters | June 23, 2022, 9:27 a.m. | Original

ROME, June 23 (Reuters) - The Nucera hydrogen division of Germany's Thyssenkrupp (TKAG.DE) aims to list in autumn, the Chief Financial Officer of Italy's electrode maker De Nora (IPO-DENR.MI) Matteo Lodrini said on Thursday.

Thyssenkrupp on Friday said it would not pursue an initial public offering (IPO) of Nucera for the moment, amid a volatile market that has already delayed numerous listings. read more

Nucera, which plans and engineers electrolysers to produce hydrogen, is a 66-34 joint venture between ThyssenKrupp and family-controlled De Nora, itself an IPO candidate.

"We continue to aim for an IPO of Nucera. The decision for a possible IPO still also depends on the market environment, so we continue to review all options," a Thyssenkrupp spokesperson said in an emailed comment, after the De Nora CFO remark.

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Reporting by Francesco Zecchini, additional reporting by Tom Kaeckenhoff in Duesseldorf, writing by Giulia Segreti, editing by Federico Maccioni and Nick Zieminski

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