Thyssen no longer sees European shipyard merger


FRANKFURT, June 20 (Reuters) - German steel and industrial goods maker ThyssenKrupp sees no reason for it to participate in a further consolidation of the European naval shipyard industry, it said over the weekend. "There is no reason at all to press forward with the further consolidation of the European shipyards," said Thyssen management board member Olaf Berlien in remarks embargoed for Monday. French state-owned shipyards were several years behind in their development, he added.

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