ThyssenKrupp In Talks To Sell Swedish Shipyard Business To Saab

STOCKHOLM, April 14 (Reuters) - ThyssenKrupp has signed a memorandum of understanding to sell its shipyard business in Sweden to defence firm Saab after the Swedish government made it clear it would not buy new submarines from the German conglomerate. Saab said in a statement on Monday negotiations between the two companies were at an early stage and more information would … [Read more...]

Delivery of New German Navy Frigates Delayed at ThyssenKrupp

BERLIN, Dec 2 (Reuters) - The German Navy will receive the first of four new ships ordered from ThyssenKrupp later than expected, the defence ministry and the company said on Monday, confirming a newspaper report. Daily newspaper Kieler Nachrichten had reported that the first of the Class 125 frigates costing 650 million euros ($885 million) each would be delivered in 2017 … [Read more...]

ThyssenKrupp Close To Sale Of Shipbuilding Unit, Blohm + Voss – Report

German industrial conglomerate ThyssenKrupp AG (TKA.XE) is close to selling its Blohm + Voss civil shipbuilding business to U.K. private equity fund Star Capital Partners, German daily Financial Times Deutschland reported Monday, without citing specific sources. A deal could be signed in the next two weeks, the report said. ThyssenKrupp's effort to sell its stainless steel … [Read more...]

German Steelmaker to Sell Luxury Yacht-Building Arm Blohm + Voss – REPORT

Germany's ThyssenKrupp In Talks To Sell Civil Shipbuilding Operation Blohm + Voss to U.K Private Equity Firm Citing Overcapacity, Low Orders FRANKFURT (Dow Jones)--German industrial conglomerate ThyssenKrupp AG (TKA.XE) is in exclusive talks to sell large parts of its Blohm + Voss shipbuilding business to U.K. private equity fund Star Capital Partners, the Financial … [Read more...]

ThyssenKrupp Drops Parts Of Shipyards Sale To Abu Dhabi Mar

FRANKFURT (Dow Jones)--German industrial conglomerate ThyssenKrupp AG (TKA.XE) Friday said it had cancelled a large part of the sale of its shipbuilding business to Abu Dhabi Mar, and will only now go ahead with the sale of Kiel-based container ship producer HDW Gaarden. Citing "changed commercial prospects," the German company said the sale of the Hamburg-based mega … [Read more...]