ThyssenKrupp sold the shipyard Blohm + Voss but not to the Arab Emirate of Abu Dhabi. The talks have failed after two years. Only the civil business of the HDW shipyard in Kiel is over. ThyssenKrupp is now looking for within the next 18 months for a new buyer for the civilian parts of Blohm + Voss and continue to operate the warships on their own to want to.

The sale to Abu Mar Dhabi was actually perfect. Already in autumn 2009, both sides had agreed in principle to the business, with the Arabs should take over the ship building of up to 700 million euros, mostly expensive mega-yachts, the repair shop and an engineering division. In the civilian part of Blohm + Voss it is, according to ThyssenKrupp at a turnover of around 476 million euros in financial year 2009/10 (30.9.) And currently around 1440 employees.

A contract was signed by both parties in April 2010, the EU Commission gave the green light in August 2010 for the business. But then came one would ever new delays, including when the state fund Mubadala in Abu Dhabi got in May.

For a sale of the civilian part of Blohm + Voss already held talks with an interested party, announced responsible for the shipyards ThyssenKrupp board member Olaf Berlien on Friday. Even a sale to Abu Dhabi Mar is still not excluded. ThyssenKrupp shipyards have in his business in the first half of fiscal year 2010/11 (30.9.) in the black and the third quarter had gone well, said Berlien.

In the financial and economic crisis, the Group had decided to substantially decrease the time of his ailing shipbuilding division. In this process, about the Emden Nordseewerke Siag the group sold the building there now parts for wind farms at sea. In addition, the group succeeded, after years of negotiations, the sale of the Greek company Hellenic Shipyards at Abu Dhabi HSY Mar. This was actually the most difficult part of the rebuilding.

With the failure of Blohm + Voss Sales gets the new ThyssenKrupp chief Heinrich Hiesinger now believed checked back a long problem. The acting manager since January, will give the heavily indebted industrial group, a new face. Business units with a combined turnover of around ten billion euros will be sold.