Abu Dhabi MAR, a leading shipbuilding group, has signed a strategic agreement with ThyssenKrupp Marine Systems for the acquisition of its Blohm + Voss businesses in Germany.
The contract includes the acquistion of Blohm + Voss Shipyards in
Germany's ThyssenKrupp will seek to complete its exit from civilian shipbuilding by selling remaining activities to Abu Dhabi MAR, weekly Der Spiegel reported in a story to be published on Monday.
In pre-release abstracts of the article, D
German steelmaker ThyssenKrupp said that shipbuilding group Abu Dhabi MAR is the preferred bidder to buy a majority stake in its indebted Greek shipbuilding unit Hellenic Shipyards (HSY).
'There were five offers and four did not fulfil