German conglomerate Thyssenkrupp is preparing to spin off its shipyard division TKMS
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German conglomerate Thyssenkrupp is preparing to spin off its shipyard division TKMS, business daily Handelsblatt reported on Monday citing supervisory board sources.
The supervisory board approved these plans at a special meeting on Friday, according to the paper. Financial investors had already submitted non-binding offers, it said.
Thyssenkrupp did not immediately respond to an emailed request for comment. (Reporting by Kirsti Knolle, Editing by Rachel More)
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