May 12, 2020 8:45 am
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 The logo of German steelmaker ThyssenKrupp AG is seen on an escalator at Frankfurt's main railways station in Frankfurt
The logo of German steelmaker ThyssenKrupp AG is seen on an escalator at Frankfurt’s main railways station in Frankfurt, Germany, January 23, 2020. REUTERS/Wolfgang Rattay

May 12, 2020

FRANKFURT (Reuters) – Thyssenkrupp <TKAG.DE> is in informal talks about consolidation in the shipbuilding sector, its finance chief said on Tuesday, responding to speculation that the group might sell parts of its Marine Systems (TKMS) unit or merge it with rivals German Naval Yards and Luerssen.

Klaus Keysberg told analysts that Thyssenkrupp Marine Systems was always open to talks, but declined to provide further information about the state of the discussions.

(Reporting by Christoph Steitz; Editing by Michelle Martin)

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