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 peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and a...
Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Monday it had authorised 32 vessels to pass through the Strait of Hormuz, as Tehran and Wash...
Azerbaijan Railways (ADY) resumed passenger services between Baku and Tbilisi on 25 May, with the first train departing Baku Railway Station at 23:10...
Doctors working on the front lines of the Ebola outbreak in the Democratic Republic of Congo say attacks on treatment centres and fleeing patients are...
Russia has warned foreign nationals to leave Kyiv, saying it has launched a new wave of strikes targeting Ukraine’s defence industry and military co...
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
Doctors working on the front lines of the Ebola outbreak in the Democratic Republic of Congo say attacks on treatment centres and fleeing patients are hampering efforts to contain the virus.
Russia has warned foreign nationals to leave Kyiv, saying it has launched a new wave of strikes targeting Ukraine’s defence industry and military command infrastructure.
The UK is experiencing potentially record-breaking temperatures after forecasters confirmed some areas reached highs close to 34°C on Monday.
The inaugural Enhanced Games began in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, though the Iranian Fars news agency disputed that claim.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
Police fired tear gas and clashed with protesters in central Belgrade on Saturday, as tens of thousands gathered to demand early elections and an end to the more than decade-long rule of Serbia's President Aleksandar Vučić.
Doctors working on the front lines of the Ebola outbreak in the Democratic Republic of Congo say attacks on treatment centres and fleeing patients are hampering efforts to contain the virus.
Russia has warned foreign nationals to leave Kyiv, saying it has launched a new wave of strikes targeting Ukraine’s defence industry and military command infrastructure.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
China has launched three taikonauts to its Tiangong space station, including one crew member set to spend a full year in orbit in one of the longest planned space missions ever attempted.
Chinese President Xi Jinping praised the “unbreakable friendship” between China and Pakistan as he met Pakistani Prime Minister Shehbaz Sharif in Beijing on Monday, a day after companies from both countries signed cooperation agreements worth $1.22 billion.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment