MaritimeNews ® 12-Фев-2018 14:40
Image Courtesy: Arctech
Croatian investment corporation Kermas intends to buy Arctech Helsinki Shipyard in Finland from Russia’s United Shipbuilding Corporation, USC confirmed to World Maritime News.
Kermas plans to acquire a 55 percent stake in the Finnish shipyard, Croatian news agency tportal reported.
As informed, the sale and purchase agreement is expected to be signed soon.
Arctech, fully owned by USC, specializes in Arctic shipbuilding technology, building icebreakers and offshore vessels.
Only two months ago, Kermas expressed its interest in joining the ownership structure of another shipyard, Uljanik. The financially-troubled shipyard is to undergo a restructuring process after the European Commission approved the loan provided by the country’s government. The shipyard needs to find a new strategic partner in the following six months. Apart from Kermas, Italian Palumbo Group is also interested in Uljanik.
The acquisition of both shipyards would bring Kermas “a big synergy”, Danko Koncar, owner of Kermas, was cited by Slobodna Dalmacija as saying.
Kermas has investments in renewable energy, real estate, marina development, agriculture and shipbuilding. The corporation entered the shipbuilding business in 2013 when it acquired the Croatian state-owned Brodotrogir shipyard.
World Maritime News Staff
-Source: worldmaritimenews.com
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