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TKA Thyssenkrupp AG

4.669
0.039 (0.84%)
07:29:26 - Realtime Data
Share Name Share Symbol Market Type
Thyssenkrupp AG TG:TKA Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.039 0.84% 4.669 4.602 4.669 4.676 4.619 4.675 8,209 07:29:26

Rheinmetall Nears Takeover of ThyssenKrupp's Marine Business -- Report

25/10/2014 12:28pm

Dow Jones News


Thyssenkrupp (TG:TKA)
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   By Neetha Mahadevan 

German defence technology company Rheinmetall AG is close to finalizing a takeover of ThyssenKrupp AG's (TKA.XE) Marine Systems business, German newspaper Wirtschafts Woche reported in a pre-release of an article to be published on Monday, citing sources.

The two parties still have to agree on the price for the business, the report said. "Currently, the parties are only about EUR100 million [$126.7 million] apart," a source close to the matter was quoted as saying.

Spokesmen of Rheinmetall and ThyssenKrupp declined to comment on the report.

ThyssenKrupp's marine business, which makes naval vessels, surface ships and submarines, reported revenue of EUR1.3 billion last year.

Write to Neetha Mahadevan at Neetha.Mahadevan@wsj.com

Newspaper website: www.wiwo.de/

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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