Frankfurt, Berlin Thyssen-Krupp’s shipyard division has spoken to a number of financial investors about getting involved. The management of Thyssen-Krupp Marine Systems (TKMS) was approached by representatives of private equity funds to explore a possible participation, the Handelsblatt learned from people familiar with the topic.
The talks are at an early stage. “It is being explored, not specifically negotiated,” said one person from the circle.
The background to the talks is the preparations for TKMS becoming independent. This could be followed by an IPO for the long-established company from Kiel, which achieved sales of 1.8 billion euros in the past financial year.
Thyssen-Krupp estimates TKMS at around two billion euros
On the way there, a financial investor could acquire a minority position in order to separate the division from the group of companies and accelerate operational changes. After a later IPO, the financial investor could sell his stake.
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