Turku deal agreed

The Finnish government and German shipbuilder Meyer Werft have agreed in principle to buy STX’s Turku shipyard.
Turku

STX Europe yard in Turku, Finland.

Finland said there were still a number of issues to resolve before a deal could be finalised, potentially at the end of next week.

Talks are ongoing, the government added.

Some issues have to be settled with “other stakeholders” before a contract is signed.

Economic affairs minister Jan Vapaavuori said: “If we all work on it and create favourable conditions for the yard, we see a positive long-term future for the Turku yard and the whole maritime cluster in the region, which the yard has a symbiotic relationship with.

“The negotiations are continuing intensively and we are confident that we can make necessary progress within a short period.”

Korea’s cash-strapped STX group has been looking to sell off its European yards.

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