◂ Announcements

Jul 24, 2018ACQUISITIONMangalia, Black Sea coast, Romania

Damen completes acquisition of DSME's majority stake in Mangalia shipyard

Damen Shipyards Group has completed the acquisition of Daewoo Shipbuilding & Marine Engineering's majority stake in the Mangalia shipyard in Romania. The shipyard will be renamed Damen Shipyards Mangalia and operate as a joint venture with the Government of Romania.

Status

Completed

Productsshipbuildingferriesoffshore construction vessels

CompaniesDaewoo Shipbuilding & Marine Engineering target Damen Shipyards Group acquirer Government of Romania partner

Sectors#Industrial Machinery

“Damen aims to restore the financial health of the yard, stabilise employment and pursue fitting commercial opportunities internationally.”ship-technology.com

1 source
ship-technology.comDamen completes acquisition of stake in DSME’s Mangalia shipyardMrinmoyeeJul 24, 2018

Summarized from public sources; check the original articles before acting on it.

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