The company’s officials say that law 187/2023 canceled the legal framework underpinning the partnership between the Romanian state and Damen with regard to Mangalia shipyard.
Damen Holding B.V. owns Galati and Mangalia shipyards and operates Romania’s largest ship design company. The company’s presence secures over 3,500 jobs locally, more than 400 projects have been completed in Romania and over 30 defense and security ships have been built for 14 naval forces and coast guards worldwide.
The acquisition of the Mangalia shipyard was completed on July 20, 2018 and Damen Shipyards Group bought the majority stake from South Korea’s Daewoo and transferred 2% to the Romanian government, so the Economy Ministry holds 51% in it via Santierul Naval 2 Mai Mangalia SA.
(English version by Catalina Apostoiu)