Polish SSN shipyard gets 120 million to survive
Polish SSN shipyard’s largest owners Korporacji Polskie Stocznie (KPS) and ARP Agencja Rozwoju (Przemyslu Industry Development Agency) has decided to strenghten the yard’s equity with PLN 120 million to make sure it survives until it can be privatized. In October Ernst & Young will choose five candidates for further negotiations on the privatization of the yard. Inofficially eleven candidates have showed interest in taking over, among others Zlomorex and a Norwegian consortium from the offshore industry.