ThyssenKrupp: Submarine Unit Not For Sale

German industrial group ThyssenKrupp is not in talks to sell its submarine unit nor is it in talks to sell its stainless steel unit VDM, its chief executive said on Friday.

"At the moment, there are no talks whatsoever about selling the submarine business," Heinrich Hiesinger said in answer to a question at the annual shareholders' meeting.

ThyssenKrupp is currently fighting for its submarine unit to be allowed to take part in a multi-billion-dollar submarine tender in Australia. (Reporting by Georgina Prodhan; Editing by Maria Sheahan)