Carlyle quits bidding process for Thyssenkrupp marine arm
Business & Finance
22 October 2024, 4:50 am 1 minute
Private equity firm Carlyle has dropped out of a process to buy the marine division of German conglomerate Thyssenkrupp, marking the latest blow to the firm’s ongoing restructuring efforts, Reuters exclusively reported. Thyssenkrupp shares fell as much as 4.5% on the news.
Why it matters
Carlyle’s withdrawal as a suitor for Thyssenkrupp Marine Systems (TKMS) is the latest setback for Thyssenkrupp Chief Executive Miguel Lopez’s efforts to disentangle the sprawling conglomerate, which has been in crisis-mode for several years.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: AmericasEurope
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story