The German government is still in talks with Thyssenkrupp over a spin-off of its naval ship building division TKMS, officials said on Wednesday, after a report said Berlin had no plans to
The German government is still in talks with Thyssenkrupp over a spin-off of its naval ship building division TKMS, officials said on Wednesday, after a report said Berlin had no plans to take a stake.
The business daily Handelsblatt, citing government sources, had reported that the chancellery as well as the ministries involved had agreed not to push for state involvement at this time, something Thyssenkrupp's labour leaders have called for.
"We are in talks to protect the security interests of the federal government," said a defence ministry spokesperson at a regular government news conference in Berlin.
"TKMS has the relevant technologies and is of particular importance to us, to our navy. That is why we are monitoring the situation and looking closely at what is happening there."
In an emailed statement, another defence ministry spokesperson said talks were ongoing in light of Berlin's interests, but declined to give details, citing confidentiality.
A spokesperson for Thyssenkrupp said the company was in constructive discussions with the government over TKMS, which makes frigates, submarines and sensor technology, "but we do not wish to pre-empt the outcome of these discussions".
Thyssenkrupp has said in the past that government participation was no precondition for
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