Aker to sell yard stakes to Russian investors

Speculation of four-way split reignites as Aker sells off German and Ukranian shipyards

Craig Eason and Katrin Berkenkopf - Wednesday 26 March 2008

EUROPE’S leading shipbuilder, Aker Yards, is to sell off 70% of its three yards in Germany and Ukraine to a Russian investment company in a €292m ($455m) deal.

The announcement comes just days before an extraordinary general meeting called for April 1 to vote for a new board of directors.

To facilitate the sale, Aker’s merchant...

The rest of this article is only available to Lloyd’s List Library subscribers

Already a subscriber? Log in below


Forgotten your password?