Saudi PIF mulls stake in Thyssenkrupp’s hydrogen unit: Report

21/04/2022 Argaam
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Logo of Public Investment Fund

Saudi Arabia’s Public Investment Fund (PIF) is considering buying a stake in Thyssenkrupp AG’s hydrogen unit, Bloomberg reported, citing people familiar with the matter.

 

The fund is in the early stages of studying a potential investment in the engineering conglomerate’s Nucera business.

 

Deliberations are ongoing, and there is no guarantee PIF will proceed with an investment, the people noted.

 

A Thyssenkrupp spokesperson said the company plans to pursue an IPO of Nucera, while declining to comment on potential Saudi interest.

 

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