Norwegian shipyard risks bankruptcy – CEO leaves the company

According to Norwegian media, the Croatian owner of Norwegian shipyard Kleven warns of such bad financials that the shipyard runs the risk of going bankrupt. The company's CEO resigns and criticizes owner.

Photo: Per Eide, Kleven

Norwegian shipyard Kleven is in such dire straits financially that it risks bankruptcy, informs its Croatian owner, the Div Group, which took over ownership in March, write several Norwegian media.

The shipyard has long been struggling financially, and if a solution is not found before tomorrow, July 1, the company might go belly-up, wrote the owner of the shipyard, Tomislav Debeljak, Friday in an email to media, according to Norwegian state media NRK.

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