German industrial group ThyssenKrupp has revived plans to sell its submarine and maritime systems unit, a move likely to face scrutiny from politicians and government officials as Berlin seeks to boost its defence manufacturing.
The decision was announced by employee representatives on Friday in an email to workers seen by the Financial Times. Employee representatives make up half of Thyssenkrupp’s supervisory board.
A bidding contest is expected to start after Easter, according to three people close to potential buyers. Private equity firms are among the parties interested, they said.
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