Thyssenkrupp considers IPO or SPAC for hydrogen business - CEO 05/11/2021 | 12:17pm EDT Send by mail : Message : Required fields FRANKFURT (Reuters) -Thyssenkrupp is considering an initial public offering (IPO) or a deal with a special purpose acquisition company (SPAC) for its hydrogen business, Chief Executive Martina Merz said on Tuesday. A 66-34 joint venture of Thyssenkrupp and Italy's De Nora, Thyssenkrupp Uhde Chlorine Engineers (TKUCE) is the world's largest supplier of chlor-alkali membrane technologies used to produce hydrogen. In a call with analysts, Merz said Thyssenkrupp has hired an investment bank to explore strategic options for the business and to come up with proposals by the summer.