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flag Thyssenkrupp's stock hits 12-month high after announcing plans to spin off its warship division.

flag Thyssenkrupp AG's stock hit a new 12-month high despite negative earnings and a "strong sell" rating from Goldman Sachs. flag The German industrial company operates in five segments, including Automotive Technology and Decarbon Technologies. flag Recently, the stock surged 14.24% after the company announced plans to spin off a minority stake in its warship division, Thyssenkrupp Marine Systems, for a Frankfurt Stock Exchange listing.

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