Thyssenkrupp Discussing Warship Unit Consolidation

Maritime Activity Reports, Inc.

May 12, 2020

Photo courtesy of Thyssenkrupp

Photo courtesy of Thyssenkrupp

Thyssenkrupp is in informal talks about consolidation in the shipbuilding sector, its finance chief said on Tuesday, responding to speculation that the group might sell parts of its Marine Systems (TKMS) unit or merge it with rivals German Naval Yards and Luerssen.

Klaus Keysberg told analysts that Thyssenkrupp Marine Systems was always open to talks, but declined to provide further information about the state of the discussions.

(Reporting by Christoph Steitz Editing by Michelle Martin)

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