Carlyle has actually dropped out of a continuous bidding process for the warship division of stricken conglomerate Thyssenkrupp, the German business said on Tuesday.

We can confirm that the investment company Carlyle Group has notified us that it is withdrawing from the bidding procedure for the financial investment in Thyssenkrupp's marine division, Thyssenkrupp stated in a response to emailed concerns.

The business did not state why Carlyle had exited the process, adding it was now concentrating on a spin-off of the department, which constructs submarines and frigates.

Carlyle decreased to comment.

News about Carlyle leaving of the sales procedure for Thyssenkrupp Marine Systems (TKMS) is a major blow to the group's continuous restructuring, which also includes prepare for a. 50:50 steel joint venture with Czech billionaire Daniel. Kretinsky.

Thyssenkrupp shares fell as much as 3.7% on the news.

Sources informed Reuters in June that Carlyle and. state-lender KfW remained in speak to jointly acquire a. bulk in TKMS.

Thyssenkrupp said it stayed in talks with the. government about a possible participation.

(source: Reuters)