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December 17, 2024
A spokesperson for Thyssenkrupp said that a spinoff was the best option to divest its defence business. This came after a German paper reported on Tuesday that several bidders had submitted offers for the unit. Carlyle, the German state lender…
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December 17, 2024
Fincantieri, an Italian company, and Sparkle, a unit of Telecom Italia that deals with submarine cables and surveillance systems for telecommunications cable networks in the oceans have agreed on developing solutions to monitor and protect these cables.
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December 2, 2024
VTB, Russia's second-largest lender, will purchase the Zvezda Shipbuilding Yard from Rosneft. However the deal is in its initial stages. VTB CEO Andrei Kostin said. VTB currently runs the United Shipbuilding Corporation of Russia (USC), Russia’s largest shipbuilder.
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November 5, 2024
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. The Competition and Markets Authority (UK's competition regulator) has approved the domestic…
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October 30, 2024
shipbuilder said on Wednesday. best strategy is to give more value and reinforce (Thyssenkrupp. Marine Systems). We are at their disposal for any possible kinds. of collaboration, Fincantieri Chief Executive Pierroberto. Folgiero told Bloomberg television.
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October 29, 2024
Thyssenkrupp's CFO confirmed that the company is working to spin off its warship division, after Carlyle pulled out of a bid last week. The group has set a realistic date for such a move, 2026, as an example. A spin-off within the next calendar year is ambitious, in my opinion.
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October 28, 2024
OMS Group, a KKR backed Malaysian digital subsea infrastructure company, announced on Monday that it had signed a contract for the construction of a number of cable-laying ships with Dutch maritime firm Royal IHC. OMS stated in a press release…
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October 22, 2024
, the German company stated on Tuesday. Czech billionaire Daniel Kretinsky. Thyssenkrupp stated in a reaction to emailed concerns. Thyssenkrupp shares fell as much as 3.7% on the news. partnerships. Carlyle decreased to comment. decreased to offer more details. billion euros ($ 1.73 billion).
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October 22, 2024
Fincantieri, an Italian company, signed on Tuesday a Memorandum of Understanding (MoU), which was owned by the Ministry of Defense of Qatar. The MoU is for the development of a joint short-range radar. A source familiar with the deal said that…
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October 22, 2024
said on Tuesday. Thyssenkrupp stated in a response to emailed concerns. constructs submarines and frigates. Carlyle decreased to comment. group's continuous restructuring, which also includes prepare for a. 50:50 steel joint venture with Czech billionaire Daniel. Kretinsky.
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October 15, 2024
Australia announced on Wednesday that it will invest billions of dollar over the next 20 years to expand a Western Australia shipyard, which would be the maintenance hub for the nuclear-powered AUKUS sub fleet. Defence Minister Richard Marles…
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October 13, 2024
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Former Scottish First Minister Alex Salmond died instantly after collapsing at a conference in North Macedonia.
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September 27, 2024
Harland & Wolff, the British shipbuilder best known for building Titanic, announced on Friday that it had appointed administrators. This would result in job losses as the company struggles to raise funding. The company, who currently employs 66 employees…
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September 25, 2024
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Keir starmer will travel to Brussels next week, where he will meet Ursula von der Leyen of the European Commission…
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September 11, 2024
Members of the Budget Committee told the German lower house and Lower Saxony's state parliament on Wednesday that they had approved the rescue of Meyer Werft - one of the largest cruise ship builders in the world. The shipbuilder has a financing gap of almost 2.8 billion euros ($3.1 billion)…
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August 27, 2024
Two sources with knowledge of the situation said on Tuesday that the German government and the state of Lower Saxony will likely acquire around 80% of Meyer Werft in order to secure the company's future as one of the largest cruise shipbuilders in the world.
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August 22, 2024
On Thursday, during a trip to Meyer Werft to meet with workers, Olaf Scholz, the German Chancellor, assured them that the German government was working on a deal for the shipyard, which is 229 years old and is one of the largest cruise ship builders in the world.Scholz…
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August 22, 2024
German Chancellor Olaf Scholz assured Meyer Werft workers on Thursday that government worked with owners and banks to ensure the future of shipyard. Meyer Werft is home to one the largest builders of luxury cruise ships. Scholz, in an address to the works council…
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August 22, 2024
Sources familiar with the situation said on Thursday that the German government intends to buy a majority stake in Meyer Werft - one of the top cruise ship builders in the world - as part of its support for the company. Sources said that Chancellor Olaf Scholz…
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August 21, 2024
Meyer Werft, a luxury shipbuilder, announced that German Chancellor Olaf Scholz would visit the company on Thursday. The announcement raised hopes for the luxury shipbuilder to receive support from the German government in order to close a hole of 2.7 billion euros ($3.00 billion).Thomas Gelder…
