Thyssenkrupp in talks with local rivals about possible warship unit merger [Reuters]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Reuters
Thyssenkrupp in talks with local rivals about possible warship unit merger FRANKFURT, April 17 (Reuters) - German conglomerate Thyssenkrupp is in talks about possibly merging its subsidiary ThyssenKrupp Marine Systems (TKMS) with a domestic rival to create a national champion. The Thyssenkrupp board member in charge of the marine systems unit, Oliver Burkhard, tweeted earlier that the company was in talks as an alliance could make sense in the current European market environment, with the creation of a national champion one possible outcome. The tweet followed a report by public sector broadcaster NDR which said Thyssenkrupp was sounding out domestic rivals German Naval Yards (GNYK) and Luerssen. A Thyssenkrupp spokesman said in response to an enquiry from Reuters, “we have always said that we are open for talks about possible consolidation scenarios if these are economically sensible and politically supported”. However, Thyssenkrupp has also said TKMS could be sold as part of a wider
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