Poland finds investor for ailing shipyard

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Poland finds investor for ailing shipyard
Oluşturulma Tarihi: Mayıs 18, 2009 00:00

WARSAW - Poland will sell off the state-owned Szczecin shipyard to United International Trust, the treasury minister said Saturday.

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Minister Aleksander Grad said the investor, which also won the tender on key assets of the Gdynia shipyard earlier this week, plans to continue production at both shipyards, the PAP news agency reported. The shipyards, which employ thousands of workers, have been kept in business only by hefty subsidies, which have totaled 3.3 billion euros since 2002.


 

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