U-Turn on U-Boats Thyssen Plans Withdrawal from Submarine Joint Venture

German group ThyssenKrupp wants to pull out of a London-based joint venture with industrial services company Ferrostaal that sells submarines, SPIEGEL has learned. Insiders say the move was prompted by corruption allegations.
A 1999 photo of an Israeli naval submarine built by the ThyssenKrupp subsidiary HDW.

A 1999 photo of an Israeli naval submarine built by the ThyssenKrupp subsidiary HDW.

Foto: HAVAKUK LEVISON/ REUTERS
mbw/SPIEGEL