Germany's biggest steelmaker ThyssenKrupp is in talks with British private equity fund Star Capital Partners about a possible sale of its shipbuilding unit Blohm + Voss, a German newspaper reported on Monday, citing sources close to the talks, Reuters reports. Financial Times Deutschland reported ThyssenKrupp had granted the fund access to key data and that a binding agreement was expected in November.
"That's the plan according to the road map," the paper cited a source as saying.
Earlier this month, ThyssenKrupp said German family-owned company Luerssen had made an offer for some Hamburg-based Blohm + Voss assets, but added it was not in talks over the offer, concerned that the offer would not meet requirements.
"That's the plan according to the road map," the paper cited a source as saying.
Earlier this month, ThyssenKrupp said German family-owned company Luerssen had made an offer for some Hamburg-based Blohm + Voss assets, but added it was not in talks over the offer, concerned that the offer would not meet requirements.