Saab set to buy ThyssenKrupp shipyards
June 27, 2014 00:00:00
STOCKHOLM, June 26 (AFP): Swedish defence and aeronautics group Saab said on Thursday it was heading towards the acquisition of a submarine shipyard in Sweden owned by German ThyssenKrupp.
Saab, which announced in April it had a memorandum of understanding on buying the subsidiary ThyssenKrupp Marine Systems, said in a statement that "the discussions are at a final stage but still ongoing".
The financial details of a possible deal were not disclosed by the group.
