Thyssenkrupp AG plans to pursue an IPO for its naval shipbuilding unit, Thyssenkrupp Marine Systems (TKMS), in the next year.

This decision comes after the company's previous plan to sell a majority stake to Carlyle Group Inc. fell through.

TKMS CEO Oliver Burkhard expressed the company's commitment to achieving independence through a spinoff, with an IPO being the preferred option.

Burkhard's statements were made in an interview with German newspaper Welt am Sonntag, highlighting Thyssenkrupp Marine Systems' strategic direction.

This move is part of the company's ongoing efforts to enhance operational autonomy and take advantage of opportunities in the naval shipbuilding sector.