Rheinmetall and MSC have been awarded the auction bid for Romania’s Mangalia shipyard, according to a Rheinmetall release carried by Naval News on 19 October.

The partners intend to pay around €138 million jointly. The announcement says the acquisition is expected to close within weeks, so the auction award precedes the transfer of ownership.

Rheinmetall plans to develop the Black Sea yard for civilian and military shipbuilding and to upgrade its infrastructure. Those plans remain the company’s stated intentions.

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Source: Naval News · company release