ThyssenKrupp , Germany's biggest steelmaker, has scrapped a deal for Abu Dhabi MAR to buy its Blohm + Voss civilian shipbuilding assets, citing political changes in the Middle East.
ThyssenKrupp -- which also builds submarines, mega-yachts, engineering plants and elevators -- said on Friday a separate planned joint venture with ADM to sell naval surface ships to the Middle East and North Africa had also fallen apart.
It also said it had won a contract worth about 2 billion euros ($2.8 billion) to build six Class 214 submarines for Turkey and affirmed its strategy of focusing only on military shipbuilding.
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