The deal has been finalized and Damen will take over operational control at the shipyard, the ministry said.
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.
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 was a minority shareholder in the shipyard, with 49%.