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Reuters: ThyssenKrupp talks about the involvement of the investor in military shipbuilding

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German conglomerate has offered the Italian state company to buy half of his unit for the construction of submarines for the German Navy.

Reuters: ThyssenKrupp talks about the involvement of the investor in military shipbuilding

ThyssenKrupp suggested the Italian state shipbuilding company Fincantieri to redeem 50% of its division Thyssenkrupp Marine Systems (TKMS), which builds submarines and ships for the German Navy and other countries of the European Union. Writes about this in his exclusive material the Agency Reuters.

Press service of the Fincantieri refused to officially comment on specific negotiations, informing the Agency that "the consolidation of the European defence industry remains a desirable and long-standing cooperation with the naval industry in Germany for the construction of submarines represents a concrete opportunity to talk about future scenarios of consolidation."

According to Reuters ThyssenKrupp also discusses the question of unification TKMS with smaller German rivals Luerssen and German naval shipyards (GNYK). One of the options being discussed involves the purchase by Luerssen share of just over 50% in GNYK in the first stage, and ThyssenKrupp may be involved at a later stage, said two people familiar with the matter.

Thyssenkrupp may also decide to keep the unit, which brought in 1.8 billion euros in sales and 1 million euros adjusted operating profit for the last financial year, and develop it yourself, the source said.

At the end of last year, Thyssenkrupp said it plans to invest 250 million euros in TKMS by 2023, which will stimulate growth and add to the end of this year 500 new employees.

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