ThyssenKrupp scuppers rumours of French ship alliance

4th August 2011, Comments 0 comments

The German industrial group ThyssenKrupp said Thursday that it saw no chance of a ship-building alliance or cooperation with the French company DCNS, despite strong speculation in German media.

"No talks on this are currently being held by the companies and no talks are planned," the company said in a bid to stem the rumours and "to prevent confusion among potential customers."

The German group added that "while there have been repeated attempts to form an alliance between the German and French shipyards in the past, ThyssenKrupp currently sees no prospects of a merger or closer alliance between the two shipyards groups; this applies both to the submarine area and to naval surface vessels (frigates/corvettes/supply vessels)."

German media had spoken of plans to create an "EADS of the seas" in reference to the European aerospace group which has major bases in France and Germany.

© 2011 AFP

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