Xerox announces acquisition of Lexmark to strengthen its printer business - Global Banking & Finance Review — This image showcases the Xerox logo alongside Lexmark's branding, highlighting their $1.5 billion acquisition deal. This strategic move aims to bolster Xerox's position in the competitive printer and printing software market.

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

German budget committee approves 4.7 billion euro deal to buy ThyssenKrupp submarines

Published by Global Banking & Finance Review

Posted on December 18, 2024

1 min read

· Last updated: December 18, 2024

Add as preferred source on Google

Germany Approves €4.7 Billion ThyssenKrupp Submarine Purchase

By Maria Martinez

BERLIN (Reuters) - Germany's budget committee has approved the purchase of four submarines manufactured by ThyssenKrupp Marine Systems in a deal worth 4.7 billion euros ($4.92 billion), the defence ministry said on Wednesday.

($1 = 0.9548 euros)

(Reporting by Maria Martinez; Editing by Jan Harvey)

Key Takeaways

Germany approves €4.7 billion submarine deal.
ThyssenKrupp Marine Systems to supply four submarines.
Defense ministry confirms the purchase agreement.
The deal strengthens Germany's naval capabilities.
Exchange rate: $1 equals 0.9548 euros.

Frequently Asked Questions

What is the main topic?

The article discusses Germany's approval of a €4.7 billion deal to purchase submarines from ThyssenKrupp Marine Systems.

Who is manufacturing the submarines?

ThyssenKrupp Marine Systems is manufacturing the submarines for Germany.

How much is the deal worth?

The deal is worth 4.7 billion euros, approximately $4.92 billion.

UK deploys warship to Middle East with eye on potential Hormuz mission

Magyar sworn in as Hungary's prime minister on promises of change

Magyar sworn in as Hungary's prime minister

Putin tells Fico: Russia will meet Slovakia's energy demand

Germany, France, Belgium, Ireland, Netherlands to send planes for passengers on hantavirus-hit cruise ship

UK PM Starmer names former PM Gordon Brown as special envoy on global finance

More from Finance

Explore more articles in the Finance category

WHO reports six confirmed hantavirus cases tied to Spain-bound cruise

Russia holds scaled-back WW2 victory parade as worries over war in Ukraine deepen

Colombia urges Glencore to discuss Cerrejon coal mine closure with local authorities

India orders antitrust probe into liquor giant Pernod's dealing with retailers

Apple, Intel have reached preliminary chip-making deal, WSJ reports

Analysis-A divided kingdom: pro-independence parties surge across Britain

US says it will revert to higher tariffs on EU goods if Brussels misses July 4 deadline

UK watchdog says car finance legal challenge hearing unlikely before October

Denmark's coalition talks break down in setback for prime minister Frederiksen

Bank of England's Bailey sees 'wrestle' with US on stablecoin regulation

Recognition for Fastest Growing Wealth Management Software Solution Provider 2026

Fastest Growing Virtual Office Assistant Outsourcing Company 2026—Call for Entries

View All Finance Posts