Wednesday 25 November 2015

Abu Dhabi MAR to buy Hellenic Shipyards stake

Berlin, December 19, 2009

German steelmaker ThyssenKrupp said that shipbuilding group Abu Dhabi MAR is the preferred bidder to buy a majority stake in its indebted Greek shipbuilding unit Hellenic Shipyards (HSY).

'There were five offers and four did not fulfil the requirements,' a company spokeswoman 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.-Reuters

Tags: Stake | German | ThyssenKrupp | Abu Dhabi MAR | Hellenic Shipyards |

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