Sietas takeover deal threatened

2012-12-12T14:06:00

Sietas is building one jack-up construction vessel for Van Oord, but the second – and hence the yard’s future – is in doubt

Troubled German shipbuilder JJ Sietas Group has said that the planned takeover by the Dutch VeKa group may not be able to go ahead, because customer VanOord has not confirmed the order for a second wind farm vessel.

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