HELSINKI: The Meyer Werft will take up 70 percent of the shares, and the State of Finland purchased 30 percent of the share capital through the Finnish Industry Investment Ltd (FII). As usual for the FII’s investment policy, it exits from its investments, according to the release.
In the case of the Turku shipyard, it was agreed that Meyer had a call option to buy FII’s minority stake in the shipyard. Meyer has now decided to further invest in Turku shipyard using the call option. The change in the ownership structure was expected to be effective within the next weeks, said the official release.
“Our engagement was an investment in Finnish strengths – the shipyard and the strong maritime cluster. It is good to see that Meyer is sharing our confidence and further invests in the Turku shipyard. This benefits not only the yard but also the maritime cluster and Finland at large,” said Finnish Minister of Economic Affairs Jan Vapaavuori.
