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

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December 5, 2011

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 operation has drawn interest from several parties, though the sale process remains at a very early stage, the report said.

(c) 2011 Dow Jones & Company, Inc.

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