Thyssenkrupp-Rheinmetall marine unit sale scrapped - Breaking The News

Thyssenkrupp-Rheinmetall marine unit sale scrapped

19 hours ago

1 min read

EPA-EFE/FOCKE STRANGMANN

ThyssenKrupp AG canceled the potential sale of its marine division Thyssen-Krupp Marine Systems (TKMS) to Rheinmetall AG, Handelsblatt reported on Friday, citing sources familiar with the matter.

According to the report, ThyssenKrupp CEO Miguel Lopez informed Rheinmetall his company decided to abandon the deal. The report also noted ThyssenKrupp hopes to find a "solution" for TKMS by late summer.

Among possible reasons for the deal falling through are cost issues, government intervention requested by Rheinmetall and "personal differences."

mergers and acquisitions thyssenkrupp rheinmetall

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