ThyssenKrupp’s Blohm Sale to Star Has Profit Clause, Welt Says

ThyssenKrupp AG (TKA) agreed this weekend to sell its Blohm + Voss GmbH shipbuilding unit to Star Capital Partners Ltd. for 30 million euros ($40 million) in cash plus a share in earnings expected to reach about 40 million euros, Die Welt reported, without saying where it got the information.

The disposal to the U.K. private-equity firm will also allow Germany’s ThyssenKrupp to remove 30 million euros in under-utilization costs from its books, the newspaper said in an e-mailed preview of an article to be published tomorrow.

To contact the reporter on this story: Naomi Kresge in Berlin at

To contact the editor responsible for this story: Phil Serafino at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.