Sunday, August 2, 2015

Before KMW Nexter fusion: Berlin wants to meet new agreement with Paris – STAR

Given the merger of the tank builder Krauss-Maffei Wegmann with French competitor Nexter examined the federal government to close ranks with France. We intend to conclude a bilateral agreement on consultation on strategic armaments policy issues, said a spokeswoman for the Federal Ministry of Economics in Berlin on Sunday. So you confirming a report of the “Welt am Sonntag”. Details of which it did not name.

The newspaper had reported that the federal government would grant a new treaty potential problems with the merger of Krauss-Maffei Wegmann (KMW) and Nexter Systems out of the way. The contract should be completed by the end of October. The federal government wanted to hold it, the conditions under which the ownership structure could be changed in joint ventures, as a technology drain could be avoided in key technologies and what was happening with the German suppliers of KMW. In addition, the federal government wanted to talk to France via a harmonization of arms export guidelines.

Krauss-Maffei Wegmann and Nexter want to create a new arms giant in Europe. Corresponding agreements were signed in Paris on Sunday.

The ministry spokeswoman confirmed, the merger would the strict German system of arms export control is not affected. The federal government must approve the merger yet. After the Foreign Trade Law would Economy Minister Sigmar Gabriel (SPD) appeal if German security interests would be affected.

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