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|| Abu Dhabi investors acquired 75.1% stake in Greek Skaramangas shipyards

abudhabimar.jpgAbu Dhabi Mar, a holding company based in Abu Dhabi, will invest in the Greek shipbuilding and repair sector through the acquisition of a majority stake in the Hellenic Shipyards S.A. at Skaramangas.

The new consortium scheme to be headed by Abu Dhabi Mar (with 75.1 percent of the Skaramangas stake), which also includes ThyssenKrupp Marine Systems (TKMS, with a 24.9 percent stake) has the complete approval of the Greek government.

The full release from Athens News Agency follows:

The Greek government on Monday welcomed a decision by the shipbuilding group Abu Dhabi Mar (ADM) to invest in the Greek shipbuilding and repair sector through the acquisition of a majority stake in the Hellenic Shipyards S.A. at Skaramangas, and the Abu Dhabi emirate's authorities' support of that decision.

A Communications and Information General Secretariat announcement said that the new consortium scheme to be headed by ADM (with 75.1 percent of the Skaramangas stake), which also includes ThyssenKrupp Marine Systems (TKMS, with a 24.9 percent stake), "has the complete approval of the Greek government".

According to the announcement, the Greek government aspires that the new consortium scheme will complete its negotiations with the national defence ministry as quickly as possible.

With the new consortium scheme and ADM's entry in the ownership and control of the Skaramangas Shipyards, a long-term viable solution is being achieved in the context of the national strategy for the development and strengthening of the country's shipbuilding industry, together with the ensurance of the jobs at the shipyard, the announcement added.



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