SSN in financial trouble

Just five years after it was founded, Stocznia Szczecinska Nowa (SSN) is facing bankruptcy. The Polish shipbuilder is supposed to get PLN 100-200m (EUR 26.6-53.2m) of capital and PLN 34m of credit. SSN wants its shareholders, i.e. state-owned Agency for Industrial Development (ARP) or KPS corporation, to raise its capital. ...

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