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Submarine Exports to Saudi-Arabia?

According to „Bild am Sonntag“ Saudi-Arabia wants to buy up to 25 german manufactured submarines for 12 billion Euro. The report also shows, that the German Government had already signaled benevolence last summer and announced a quick review. Arms sales to Saudi Arabia are extremely controversial, as the country fundamentally violates human rights.

Producers are, as “BamS” reported, the Kiel shipyard HDW and the Emdener Nordseewerke, which belong to the Thyssen Marine Systems. Thyssen Krupp denied the existence of such projects and does not want to comment on any preconferences. Full story in German…

Investors and lenders of ThyssenKrupp and its subsidiary Thyssen Marine Systems are:

BayernLB (Germany)
Blackrock (United States)
BNP Paribas (France)
Citi (United States)
Commerzbank (Germany)
Deutsche Bank (Germany)
Franklin Resources (United States)
Government Pension Fund – Global (Norway)
HSBC (United Kingdom)
Janus Capital Group (United States)
Royal Bank of Scotland (United Kingdom)
Sparkassen Finanzgruppe (Germany)
UBS (Switzerland)
UniCredit (Italy)
Vanguard Group (United States)

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