Sale of Finland's STX Shipyards Offers Opportunities

The Finland PM is hopeful that a strong new owner can turn around the prospects of the cash-strapped Finnish shipyards.

This past week, the South Korean parent company STX announced it plans to sell off the Rauma and Turku shipyards as well as its half-share in the Helsinki shipyard, reports yle UUTISET Finland, while Prime Minister Jyrki Katainen considers that the looming sale of the STX shipyards in Finland represents a major opportunity.

Meanwhile the aid package granted to the Turku shipyard for the construction of two cruise liners for the German company TUI will go ahead, according to yle UUTISET Finland, citing  Minister of Economic Affairs Jan Vapaavuori who informs that construction will be completed as planned, despite STX's plan to sell the shipyard.

Source: yle UUTISET Finland