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Thyssenkrupp to spin off marine division amid defence boom
Thyssenkrupp to spin off marine division amid defence boom
Business and 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.