Latest

Thyssenkrupp to spin off marine division amid defence boom
Thyssenkrupp to spin off marine division amid defence boom
Economy
by  AFP

German industrial titan Thyssenkrupp's shareholders on Friday backed a spin-off of its warship and submarine-building unit, seeking to better position the group to benefit from a European defence boom. Shareholders overwhelmingly backed the spin-off of a 49-percent minority stake of the marine division at a specially convened meeting.