>ThyssenKrupp Is Selling Hellenic Shipyards

>The German steel giant ThyssenKrupp (TK) is selling the Hellenic Shipyards. The ThyssenKrupp Maritime systems (TKMS) a subsidiary of TK purchased the Hellenic Shipyards in 2002.

Since then, 3 Type 214 class submarines for Greek Navy were built in this shipyard. The problems experienced in the Archimedes and Neptune II projects were mentioned here, here and here.

After reaching a deal with the new Greek government and no new construction orders in sight, TK decided to sell the loss making subsidiary in Greece.

Back in November ThyssenKrupp executive board member Olaf Berlien said that TK was looking to sell Hellenic Shipyards for a symbolic price of EUR1, and added that TK wanted the buyer of the business to pay compensation of EUR220 million related to outstanding payments.

In early December it was announced that TK received several bids for the shipyard, but no further details were available

I assume now TK and TKMS are evaluating the received bids. There are rumors that the French rival of TKMS, DCNS is interested in purchasing Hellenic Shipyard as it has the capability to construct FREMM class frigates if Greece should find money to buy them.