Progress on STX Turku sale

Finland’s Minister of Economic Affairs Jan Vapaavuori has said progress has been made by the Finnish state and German yard Meyer Werft who want to buy STX Turku shipyard in Finland.

The Finnish minister has been in Korea this week for discussions with both STX and South Korea's Trade and Industry Minister Song Jick-Yoon.
STX creditor banks have let it be understood that the company will seek to divest its European shipyards as early as June.
"In Finland, a large cruise liner is scheduled to be completed a week from Friday, and after that, the shipyard will have only one more vessel under construction. This is why we're in a hurry to move ahead," Vapaavuori told Finnish media.

15 May 2014
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