Meyer Werft acquires all of Finnish Turku
Germany's Meyer Werft has bought the Finnish state out of the Turku shipyard in Finland, and Meyer now owns 100 percent of the yard since acquiring it from STX in September 2014.
BY OLE ANDERSEN
Family-controlled German shipyard Meyer Werft will get full ownership of Finland's Turku shipyard. Since Turku was acquired in September 2014 from STX Europa, Meyer has shared ownership with the Finnish state, which owned 30 percent of the shares, and Meyer had an option to purchase this stake - an option that Meyer will now exercise.
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