Gdansk threat fades?

The threat of bankruptcy hanging over Poland’s Gdansk Shipyard looks to have receded.

The Puls Biznesu daily said its Ukrainian shareholder Sergey Taruta has been in talks with the country’s industrial development agency (ARP) over a new capital investment.

Debt owed to ARP could be exchanged for equity in Taruta’s GSG Tower, an offshore wind turbine production company.

ARP appears to have backed down from demanding a quick repayment of its PLN 100m ($33m) loan to Gdansk.

The Polish government could also include part of the shipyard in the Pomorska special economic zone, while a cooperation deal with Norwegian yard group Kleven has been mooted.

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