Thyssen sells superyacht business

ThyssenKrupp has sold its Blohm + Voss superyacht and two other marine units to British buyout firm Star Capital, in a deal worth up to €150m, as the German steelmaker focuses instead on building military vessels. The sale is part of the company’s €10bn divestment plan begun this year to lower its debt, including a spin-off of its stainless steel division. Among Blohm + Voss’s superyachts, the biggest by far was Roman Abramovich’s Eclipse, a 557-footer equipped with two heli-pads, a pool and a missile-detection system.