Friday, December 18, 2009

Abu Dhabi Mar Possibly to Acquire Shipyards

Infognomon Politics reports that yesterday afternoon the Greek Minister of Defence and Finance Minister Katselis received a letter from Thyssen Krupp informing them of the offers that have been received by the German firm for the purchase of the Skaramanga Shipyards. From all offers the only one considered feasible is the offer made by Abu Dhabi Mar. Thyssen Krupp also stated that if the agreement proceeds it is looking at keeping a 25% stake in the shipyards. At the same time it suggests to the Greek side that all matters related to the shipyard are renegotiated by the 20th of January 2010, including the issue of new orders of ships for the Hellenic Navy.

The proposal by Thyssen Krupp is being evaluated by the firm Lazard which is acting as a consultant. There will also be a meeting about the issue between the two Greek Ministries on Monday.

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