Carlyle quits bidding process for Thyssenkrupp marine arm

Private equity firm Carlyle has decided to step back from acquiring Thyssenkrupp’s marine division, leading to a 4.5% drop in Thyssenkrupp’s shares. This move represents a setback for Thyssenkrupp CEO Miguel Lopez’s efforts to restructure the struggling conglomerate, which has been facing challenges for years. Carlyle’s withdrawal highlights the ongoing difficulties in Thyssenkrupp’s restructuring process and the impact on its overall business strategy.

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