Rheinmetall Bids for Kiel Naval Shipyard

Rheinmetall submitted a non‑binding offer to acquire German Naval Yards Kiel, entering a bidding race with Thyssenkrupp Marine Systems.
The bid was announced on Thursday alongside Rheinmetall’s first‑quarter results, though no financial terms were disclosed.
Thyssenkrupp Marine Systems had already lodged a non‑binding offer for the shipyard in January, intensifying competition.
Rheinmetall’s shares fell 2.83% after the announcement, while TKMS shares rose 1.05%.