Thyssen Krupp to sell Greek shipyard

ThyssenKrupp AG is to put Hellenic Shipyards up for sale on 1 April as part of a shake-up announced last week when it was announced that a new group structure was being put in place.

Thyssen Krupp has set the end of September as a deadline for the yard’s sale but, if not successful, it will close it down. The Greek government is looking at an overall national shipbuilding plan that would create a single shipbuilding and repair body that would include the state, the Neorion group and ThyssenKrupp, at least for the period that it has outstanding obligations toward the Greek state.