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Finland, Meyer Werft May Join to Buy Shipyard from STX

The Finnish government said it had teamed up with German shipbuilder Meyer Werft to consider buying a troubled local shipyard from South Korea's STX Offshore & Shipbuilding. The government in 2012 faced heavy criticism for not providing a loan to the Turku shipyard in southern Finland, which contributed to its loss of a 1 billion euro ($1.4 billion) order for cruise ships along with hundreds of potential jobs.