State should join Thyssenkrupp Marine – economy

IG Metall is calling for the state to join the Thyssenkrupp Marine subsidiary as soon as possible. “We need the state as an anchor investor and as a strong customer,” said the head of IG Metall Coast, Daniel Friedrich, to the Reuters news agency in an interview on Friday. “We consider state involvement to be essential. There are no rejections of state involvement.” The federal government should make a decision soon and thus make it easier for private investors to get started. He hopes that the ministries involved and the Chancellery will find clarity in the next few weeks. “There should still be some movement in the fall.”

Thyssenkrupp is currently driving the spin-off of its subsidiary Marine Systems (TKMS), which builds submarines, frigates, corvettes and systems for salvaging old ammunition, among other things. According to insiders, the group is in talks with private investors about investing, including the financial investor Carlyle. Carlyle, like Thyssenkrupp, declined to comment. There was initially no comment from the Federal Ministry of Economics.

It is now up to the investors to take the next steps and see whether things are entering the hot phase, said Friedrich, without naming names. IG Metall has shown itself to be open to financial investors. “An investor also wants to know to what extent there are government commitments and government guarantees. There is a clear connection.” According to insiders, the guarantees for past and future deals could run into the billions. According to Friedrich, the course of the Thyssenkrupp Group has not changed due to the change in leadership from Martina Merz to Miguel Lopez.

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