Turkish Desan reportedly in talks to take over troubled Romanian shipyard Mangalia

Romania’s authorities are reportedly negotiating with Turkish company Desan Shipyard, which is pondering the option of taking over the activity of Damen Shipyards Mangalia, abandoned last year by its 49% strategic shareholder Damen and currently under insolvency, according to Replica Online.

Last week, the Minister of Economy, Bogdan Ivan, announced that the Government has reached advanced negotiations with a potential investor who wants to lease the employees and the facilities at the Damen Shipyards Mangalia, without disclosing the investor’s identity.