By Matthias Inverardi
DUESSELDORF (Reuters) – Rheinmetall has been contacted by potential buyers of its civilian businesses and is in talks with them, as the German defence contractor seeks to focus on its booming military business, its CEO said.
“Rheinmetall has for a while received expressions of interest from potential buyers and is in talks with them,” CEO Armin Papperger said in a speech to be held at the May 13 annual shareholder meeting, posted on the company’s website on Friday.
Papperger reiterated that the Power System division, which serves civilian industries including automotive and energy, was no longer a core part of the group.
The company has also been seeking to convert certain car part factories to be used by its defence businesses.
(Writing by Ludwig Burger; editing by Matthias Williams and Miranda Murray)
