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/
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