ThyssenKrupp Shipbuilding Unit Talks Taking Time - Sources

Talks between the German steelmaker and engineering company ThyssenKrupp AG (TKA.XE) and Abu Dhabi MAR shipyards on the sale of the majority stake of ThyssenKrupp's subsidiary Blohm + Voss (GD-BVA) are taking longer than expected to reach a conclusion, two people close to the matter said Friday.

An agreement is unlikely to be reached before March, the people said. "The negotiations are more complex than expected," one of the persons added, noting that the number of companies and valuation processes involved in the deal, like for the yacht manufacturer Blohm + Voss, are two factors behind the delay.
A spokeswoman for ThyssenKrupp did not want to comment on the matter. At the end of January, the chairman of ThyssenKrupp's executive board Ekkehard Schulz said the talks should have been completed by mid-February.