Friday, September 17, 2010

Abu Dhabi Firm Gains Control of Greek Shipyard

Greece has finalized a deal to transfer a majority stake in the country's main shipyard from German to Arab control, the Greek defense ministry said Sept. 16.ThyssenKrupp will yield 75 percent of its stake in Skaramanga, also known as Hellenic Shipyards, to Abu Dhabi Mar. The deal had been delayed by wrangling over the delivery of a German-built submarine to the Greek navy.

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