German IG Metall Union Says Held First Talks Last Week With Carlyle On Possible Investment In Thyssenkrupp Marine Systems; There Can Only Be A Sale To Private Equity Investors If State Accepts Its Responsibility And Steps In To Secure Naval Shipbuilding; Agreed With Carlyle To Conclude A Best-And-Fair-Owner Agreement As Quickly As Possible
Portfolio Pulse from Benzinga Newsdesk
The IG Metall Union in Germany reported that it had initial discussions last week with Carlyle Group (CG) regarding a potential investment in Thyssenkrupp Marine Systems. The union emphasized that a sale to private equity investors like Carlyle would only be feasible if the government intervenes to safeguard naval shipbuilding. Both parties aim to finalize a Best-And-Fair-Owner Agreement swiftly.
April 30, 2024 | 2:50 pm
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Carlyle Group's discussions with IG Metall Union about investing in Thyssenkrupp Marine Systems could lead to a significant acquisition, contingent on government support for naval shipbuilding.
The potential investment in Thyssenkrupp Marine Systems by Carlyle Group is significant due to the strategic importance of naval shipbuilding. Government support as a condition for the sale underscores the deal's complexity and potential impact on Carlyle's portfolio. Positive negotiations and a swift agreement could enhance Carlyle's market position and potentially boost its stock in the short term.
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