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

ThyssenKrupp AG 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.

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