Abu Dhabi, United Arab Emirates / Düsseldorf, Germany (ots) - Abu
Dhabi MAR, the international shipbuilding group based in Abu Dhabi,
and ThyssenKrupp Marine Systems have signed a contract for the sale
of Blohm + Voss to Abu Dhabi MAR. The contract includes the
acquisition of Blohm + Voss Shipyards in Hamburg and the civil
shipbuilding facilities of the former HDW Gaarden including employees
in Kiel. Abu Dhabi MAR will also acquire an 80% stake in each of
Blohm + Voss Repair and Blohm + Voss Industries, both of Hamburg.

The parties also agreed on the formation of a 50:50 strategic
partnership for the design and program management of naval vessels.

The two companies had already signed a memorandum of understanding
on this in October 2009.

His Excellency Ahmad Darwish Al Marar, Chairman of Abu Dhabi MAR,
said: "This agreement is an important milestone for Abu Dhabi MAR in
the implementation of our strategy to position ourselves as a world
leading shipbuilding company. The aim of this transaction is to
generate long-term growth, strengthen the international market
position of the company, expand our product range and gain access to
new customers."

"In Abu Dhabi MAR we have found a suitable partner for a highly
promising long-term relationship. This strategic partnership
represents a solid foundation for the future of the shipyard and will
make it possible to attract new customers," said Dr. Olaf Berlien,
member of the Executive Board of ThyssenKrupp AG.

The transaction is subject to clearance required under merger
control laws. For the naval activities, the transaction is also
subject to the approval of the German government under the provisions
of the Foreign Trade Act (Außenwirtschafts¬gesetz).

The closing is expected to take place by the end of June 2010.

Abu Dhabi MAR was advised by International Investment House, the
investment company headquartered in Abu Dhabi, as well as Corporate
Finance Advisor Hans Lotter, the international law firm Allen & Overy
LLP and Deloitte & Touche GmbH, the accounting firm.

Abu Dhabi MAR
Abu Dhabi MAR, a holding company based in Abu Dhabi, is a
fast-growing international shipbuilding group. The company has
capacity for the construction of naval ships and civil ships up to a
length of 200 meters. The holding company is jointly owned by the Al
Ain International Group (70%) and Privinvest (30%). H.E. Ahmad
Darwish Al Marar is Chairman of the Abu Dhabi MAR Group and Iskandar
Safa its Managing Director. The company has orders in hand of more
than 1 billion euros. The shipbuilding group currently has 2,000
employees worldwide.

ThyssenKrupp AG
ThyssenKrupp's Marine Systems business area is a leading European
systems house supplying submarines, naval surface ships and premium
segment yachts to customers globally. The company's outstanding
shipbuilding competence includes repairs, services and ships'
components. The roughly 8,000 employees of ThyssenKrupp Marine
Systems in Germany, Greece and Sweden are committed to meeting a
broad range of challenges.

Originaltext: Abu Dhabi MAR
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Pressekontakt:
ThyssenKrupp AG:
Cosima Rauner
Telephone: +49 (0) 201 106 53249
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Brunswick Group (for Abu Dhabi MAR):
Gundolf Moritz / Alexa von Wietzlow
Telephone: +49 (0) 69 24 00 55 10
Frankfurt am Main, Germany

Alex Blake-Milton / Jeehan Dahman Balfaqaih
Abu Dhabi, UAE
Telephone: +971 2 401 2692
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