“The Constanta Court of Law approved the accelerated sale of the shipyard, pursuant to the Code of Civil Procedure. The six auctions set by the shareholders of Damen at the same market price of EUR184 million are out. Now the starting price will gradually go down to 75% and 50%, if no buyer is found at the next auction,” said Laurentiu Gobeala leader of the ‘Navalistul’ trade union.
Damen Mangalia failed to find a buyer again after the third auction set at market price of EUR184 million on August 28.
(English version by Loredana Fratila-Cristescu)