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.
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, accordin...
A research team led by Tsinghua University has unveiled a groundbreaking method for making organs transparent, offering the most detailed view yet of ...
Chinese Foreign Minister Wang Yi arrived in New Delhi today for a closely watched round of bilateral discussions with senior Indian leaders, including...
In Bolivia's first-round presidential election, voters decisively rejected the leftist party that has ruled the country for most of the past two decad...
Indian Foreign Minister Subrahmanyam Jaishankar began discussions with his Chinese counterpart Wang Yi in New Delhi on Monday, emphasizing that positi...
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, according to federal officials.
A research team led by Tsinghua University has unveiled a groundbreaking method for making organs transparent, offering the most detailed view yet of the brain’s inner workings.
Chinese Foreign Minister Wang Yi arrived in New Delhi today for a closely watched round of bilateral discussions with senior Indian leaders, including External Affairs Minister S. Jaishankar and National Security Adviser Ajit Doval.
In Bolivia's first-round presidential election, voters decisively rejected the leftist party that has ruled the country for most of the past two decades, signaling a shift toward more market-friendly policies to address the nation's economic struggles.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
U.S. President Donald Trump said on Monday he expected Russian President Vladimir Putin to release more than 1,000 Ukrainian prisoners soon, after a trilateral meeting was set up with Ukrainian leader Volodymyr Zelenskyy.
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, according to federal officials.
A research team led by Tsinghua University has unveiled a groundbreaking method for making organs transparent, offering the most detailed view yet of the brain’s inner workings.
Chinese Foreign Minister Wang Yi arrived in New Delhi today for a closely watched round of bilateral discussions with senior Indian leaders, including External Affairs Minister S. Jaishankar and National Security Adviser Ajit Doval.
In Bolivia's first-round presidential election, voters decisively rejected the leftist party that has ruled the country for most of the past two decades, signaling a shift toward more market-friendly policies to address the nation's economic struggles.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment