“We have tried and it looks like we may succeed in buying back the 51% stake Daewoo holds in the shipyard,” Tudose said on TV station Antena 3.
In November 2017, Romania’s antitrust body cleared the acquisition of a 51% in the Mangalia shipyard by Dutch BV Holding Maatschappij Damen from South Korean group Daewoo.
The Romanian state is a minority shareholder in the shipyard, with 49%.
Damen agreed to acquire Daewoo Mangalia Heavy Industries SA and Daewoo Mangalia Human Resources Management SRL, which is fully owned by Daewoo Mangalia Heavy Industries.
The shipyard was established in 1997 as a joint-venture with the Romanian government and is located 45 kilometers south of Constanta on the Black Sea coast.