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2011 August 1   14:59

Germany, France plan naval shipbuilding merger

Germany and France are considering merging their naval shipbuilding expertise in what would be their biggest industrial partnership since the creation of EADS in 2000, a German newspaper reported, Reuters reports. ThyssenKrupp , French naval shipyard DCNS and the two governments plan to hold talks on the matter after the summer lull, daily Financial Times Deutschland reported on Monday, citing no sources.

A spokesman for DCNS declined to comment. DCNS shareholder Thales and ThyssenKrupp were not immediately available for comment.

ThyssenKrupp, Germany's largest steelmaker, last month said it had cancelled a deal with Abu Dhabi MAR to set up a joint venture to sell naval surface ships to the Middle East and North Africa, blaming changes in the political landscape.

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