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Havyard gets help from creditors and sells assets to stabilize finances

Norwegian Havyard, dealing with an accounting mess entailing millions of dollars, now gets a helping hand from creditors, which have agreed to allow Havyard to breach loan requirements for one year. At the same time, Havyard sells its stake in a larger company.
Photo: PR/Havyard
Photo: PR/Havyard
by SIMON VALEUR

Norwegian shipbuilding group Havyard is now getting a helping hand from its creditors.

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