Russians acquire big German shipyard group

Following many months of back-and-forth negotiations, Russian shipyard group Nordic Yards has now acquired the bankrupt yard Volksverft in Stralsund, Germany.

After several previous attempts, the Russian yard group Nordic Yard has now managed to acquire German Volksverft in Stralsund from bankrupt P+S Werften. This happens after several months of back-and-forth negotiating, where Nordic Yards in early April repeated its offer of a EUR 15 million investment.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading