Five Confirmed Offers for Sietas Group Companies
Five concrete offers have been received for the companies of the Hamburg-based Sietas Group. This is the result of the second phase of the extensive search for investors by the receiver of the Sietas shipyard, Berthold Brinkmann. During the first phase, a number of potential investors were approached by HSH Corporate Finance, which had been commissioned with the task, and interested parties were asked to submit indicative offers. During the second phase, these offers were to be put into more concrete terms and confirmed after an in-depth due diligence assessment. Receiver Berthold Brinkmann commented as follows: “The five binding offers that we have meanwhile received for the Sietas Group companies include both an overall solution as well as the acquisition of individual companies.
Sietas Shipyard Starts Production of Wind Power Vessel
In the shipbuilding hall of the Sietas shipyard in Hamburg, a start has now been made on the construction of a German premiere. Production has started on the first sections and blocks of the offshore wind power jack-up vessel for the prestigious Dutch marine engineering company Van Oord. In the presence of Peter de Ridder, COO of Van Oord, engineers from the specialist in complex offshore projects and the Sietas team, receiver Berthold Brinkmann and Rüdiger Fuchs, agent for the receiver, gave the go-ahead for the German premiere.
Buyers Line Up to Buy Sietas Shipyard
A number of prospective buyers have emerged for the companies of the Sietas Group. This is the result of the extensive investor search conducted by Berthold Brinkmann, receiver of the Sietas shipyard: "A number of people are interested in an overall solution, and there is special interest in Neuenfelder Maschinenfabrik (NMF) and Norderwerft. Today, the board of creditors of the Sietas shipyard asked me to enter into concrete negotiations with the prospective buyers." As reported, these prospective buyers have already submitted indicative offers, and they are to concretise and confirm these offers by mid-May. For this purpose, an in-depth due diligence audit is now starting, including the disclosure of all business documents of the Sietas shipyard, NMF and Norderwerft.
