Russian state-owned United Shipbuilding Corporation (USC) has sold Arctech Helsinki Shipyard for EUR 60m to a group of Russian private investors. The shipyard’s total losses from 2011 to 2016 amounted to EUR 262.5m and were reportedly due to USC being on the US sanction list.
ⓘ This story was originally featured in our daily Nordic M&A Newsletter - we publish some of the newsletter content with delay through our M&A Newsletter Library
. If you would like more insights on this deal or industry then send us an email at firstname.lastname@example.org