Marine Link
Saturday, October 1, 2016

BAE-VT Shipbuilding JV Approved

October 24, 2007

Britain's BAE Systems (BAESY) (BAES.L) and VT Group (VTG.L) won permission from the European Commission on Wednesday to merge their shipbuilding operations, according to a Reuters report. BAE will hold 55 percent and VT the remainder, and the deal will involve BAE selling its 50 percent stake in Flagship Training Ltd to VT for up to $152.6m. The Commission noted that the two companies had not bid against each other in the design or building of a naval surface ship in the past decade, and so there was no problem with the venture. [Source: Reuters]


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News