NewzThe Mangalia shipyard in Romania has been placed for sale at a reduced starting price of EUR 138 million. This follows previous unsuccessful auctions that set the valuation at EUR 184 million, excluding VAT. The current asking price represents 75% of the initial market value.
CITR general director Paul Dieter Cîrlănaru indicated that the auction process will continue to move forward, with further adjustments to the sale terms possible if no offers are received at this new price point. The shipyard has been struggling financially, leading to these repeated attempts to secure a buyer through the insolvency process.
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