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Tuesday, December 15, 2009

Berlin Wants To Keep HDW in German Hands

U 214 classThe German government is pushing to prevent foreign investors buying a majority stake in submarine maker Howaldtswerke-Deutsche Werft (HDW), the Spiegel weekly reported Dec. 13.

Representatives from the German economy ministry were in talks with two German companies that have expressed an interest in HDW, which is currently owned by steelmaker ThyssenKrupp, Spiegel said, without naming its sources.

Also involved in the talks is Abu Dhabi MAR, which owns interests in other European shipyards and which is eyeing a minority stake in HDW, Spiegel said.

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