Abu Dhabi MAR preferred bidder for Hellenic Shipyards
Shipbuilding group Abu Dhabi MAR is the preferred bidder to buy a majority stake in ThyssenKrupp’s indebted Greek shipbuilding unit Hellenic Shipyards, the Greek defence ministry said.
Thyssenkrupp decided to sell HSY earlier this year after a dispute with the Greek government over a lifeline submarine building order left the dockyards strapped of cash.
“ThyssenKrupp considers the only credible and eligible solution for the future of the shipyards to be that of Abu Dhabi MAR, with which it already cooperates,” the defence ministry said in a statement, citing a letter from ThyssenKrupp.
The German steelmaker plans to transfer 75% of the shipyards’ share capital to MAR and is considering keeping the rest, the ministry said.ThyssenKrupp, which is currently reorganising its shipbuilding activities due to a decline in new orders, has already agreed to cooperate with Abu Dhabi MAR on a long-term ships and mega-yacht building programme.
Source: Reuters, Balkans.com Business News
Category: Shipyard News
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