Salzgitter AG to Become Sole Shareholder of HKM from June 2026
- thyssenkrupp Steel to sell HKM shares to Salzgitter AG by June 01, 2026
- Slab supply to thyssenkrupp Steel secured until 2028
- Agreement requires approval from Salzgitter AG's governing bodies and Vallourec S.A.
- Financial details of the agreement remain undisclosed
Shareholder Agreement
Salzgitter AG and thyssenkrupp Steel have agreed on a new shareholder structure for HKM. Effective June 01, 2026, thyssenkrupp Steel will sell its shares in HKM to Salzgitter AG, making Salzgitter the sole shareholder.
Supply and Operations
Salzgitter AG will operate HKM under its sole responsibility but in a reduced scope. Slab supply to thyssenkrupp Steel is secured until 2028, two years earlier than previously planned.
Approval and Conditions
The agreement requires approval from Salzgitter AG's governing bodies and a positive assessment of a going concern report. Additionally, Vallourec S.A., the third owner, must agree to sell its shares to Salzgitter AG.
Financial Details
The financial terms of the agreement and the unbundling of existing contractual relationships will not be disclosed.
Source: thyssenkrupp