Germany’s government has no current plans to acquire a stake in Thyssenkrupp Marine Systems (TKMS), despite calls from labour unions, according to sources cited by Handelsblatt.
The German government will not pursue state ownership of Thyssenkrupp’s defence division TKMS for now, Handelsblatt reported Wednesday, citing officials from the chancellery and relevant ministries. The decision comes despite repeated appeals from the company’s labour leaders to secure public backing.
Thyssenkrupp, which is preparing to spin off 49% of TKMS by year-end, confirmed ongoing talks with the government but declined to comment on their outcome. The company has maintained that government participation is not a precondition for the divestment.
Company chairman Siegfried Russwurm previously stated that government involvement is unnecessary, as Berlin already acts as a key client and regulator for defence exports.
Instead of taking a stake, the government is reportedly working on a “security agreement” to safeguard national interests and jobs. The agreement would involve regular consultations and grant the state a right of first refusal if a strategic investor seeks to acquire TKMS, although no such acquisition is currently expected.
Thyssenkrupp shareholders are set to vote on the proposed spin-off at an extraordinary general meeting on 8 August.
TKMS, which produces submarines, frigates, and advanced maritime defence systems, has seen rising demand in recent months amid surging defence budgets across Europe and concerns about the reliability of U.S. security commitments.
A new artificial intelligence data centre in Armenia could be used for Western intelligence purposes, including against Russia, according to Russia...
Syria is carefully considering providing...
Scientists, astronauts and space industry leaders gathered in Antalya, Türkiye, on Thursday for the fourth day of the 77th International ...
Russia struck Ukraine overnight in one of the biggest attacks of the conflict, killing at least 19 people, Kyiv's Foreign Ministry said on Wednesday. Around 70 missiles were fired at Ukraine during the attack, as well as drones, the Ministry said.
The Saudi-led coalition says it has carried out a series of military operations against Houthi targets in Yemen after attacks on two Saudi airports left three people dead and dozens injured.
Azerbaijan and the five Central Asian states have signed two key documents at the 8th Consultative Meeting of Heads of State in Turkmenbashi, formalising a broader framework for regional cooperation in transport, trade, energy, digitalisation and security.
An investigation into August Hanning, the former head of Germany’s Federal Intelligence Service (BND), has no connection to Azerbaijan, informed sources have told AnewZ.
It started with classrooms. Too many students, not enough teachers, deteriorating buildings and growing anxiety over what comes after high school. But within weeks, a movement that began outside French lycées had spread across the country.
A new artificial intelligence data centre in Armenia could be used for Western intelligence purposes, including against Russia, according to Russia's Security Council.
Scientists, astronauts and space industry leaders gathered in Antalya, Türkiye, on Thursday for the fourth day of the 77th International Astronautical Congress (IAC). Designated as “Science and Academy Day,” discussions focused on the challenges of expanding human activities beyond Earth.
Spanish politicians traded blame on Thursday after the death of an 87-year-old woman who was evicted from her Madrid home exacerbated heated debates over housing ahead of an early election next month, as protests raged on across the country.
The Nobel Peace Prize 2026 will be announced on Friday, 9 October, bringing one of the world's most closely watched awards back into focus.
Armenian Prime Minister Nikol Pashinyan said on Thursday 8 October, that Yerevan will discuss the possible construction of railway connections with the Turkish city of Kars and the Azerbaijani city of Nakhchivan with Russian officials next week, according to local media.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment