(Alliance News) - Industrie De Nora Spa announced Monday that thyssenkrupp nucera AG & Co. KGaA and thyssenkrupp AG have announced to the market their intention to proceed with the listing of tk nucera shares on the Frankfurt Stock Exchange's Prime Standard regulated market.

De Nora currently holds 34 percent of thyssenkrupp nucera while the majority belongs to thyssenkrupp AG.

The offering and listing of thyssenkrupp nucera's shares - consistent with market conditions - is expected to be completed before the summer break.

It is also planned, the company explains, that the offer will mainly be for newly issued ordinary shares from a capital increase. Proceeds from the subscription offer are estimated at around EUR500 to 600 million and "will be used to support the strong growth of thyssenkrupp nucera's alkaline water electrolysis (AWE) technology business."

The path outlined reflects the assessments of De Nora and thyssenkrupp AG to identify the best solution for thyssenkrupp nucera to take advantage of the significant development opportunities offered by the green hydrogen market.

Paolo Dellachà, managing director of De Nora and vice chairman of the supervisory board of

thyssenkrupp nucera, said, "We are firmly committed to continuing our strategic partnership with thyssenkrupp nucera. The combination of De Nora's and thyssenkrupp nucera's technologies with our AWE component manufacturing capability can play, and is already playing, a key role in the transition to sustainableenergy. A potential IPO of thyssenkrupp nucera is a strategic pass to further support expected growth and enhance our position as a technology leader."

Industrie De Nora on Friday closed in the green by 5.5 percent at EUR21.00 per share.

By Chiara Bruschi, Alliance News reporter

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