Negotiations over proposed sale of Syros shipyard at the end of October

Neorio_Syros

Negotiations between the Onex group and the Greek government over the purchase of the troubled Syros shipyard are expected to begin at the end of the month, with the main issue touching on the number of installments the former will make to cover the industrial unit’s arrears to the state.

Based on initial figures, an agreement would see Onex assuming obligations of 40 million euros, on top of pledging to funnel an additional 20 million euros in investments for upgrades at the unit. The maturity of arrears would be extended over a period of 30 years, in order to render the investment as viable.

Onex is reportedly interested in using the shipyard to enter the luxury yacht sector, building special purpose vessels and floating docks, as well as coastal and ocean-going platforms. Other areas on the horizon are on support – safety management etc, refits, spare parts management and training.

A business plan submitted by the company lists guaranteed contracts with clients of more than 25 million USD in its first year of managing the shipyard.

[naftemporiki]

LEAVE A COMMENT

Comments (11)

Sites we Like…

Here are some completely unrelated internet websites to ours, nonetheless, just take a second and visit the website…

Read was interesting, stay in touch….

Very well written!

Great websites from the internet…

Very well written! Let me suggest you few interesting websites …

Read was interesting, stay in touch….

Well written!

Recent Blogroll …

You may take a second to stop by the subject material from this internet sites we’ve linked to on this post…

Just check this …

Just take a second to pay a visit to the web pages we have linked to …

You should check this out…

Here are some absolutely unrelated sites to ours, on the other hand, just take a moment to visit …

Wonderful story …

Here are a number of unrelated information, nevertheless genuinely really worth taking a your time to visit this website

You must see this website …

We came across a cool website that you may take pleasure in visiting …

Websites we think you should visit…

Sites of interest we have a link to…

Websites we think you should visit…

Sites of interest we have a link to…

×

Comments are closed.