Saturday, February 28, 2009

Poland to sell massive shipyards in March

Poland will open tenders to sell off shipyards employing thousands of people in Szczecin and Gdynia on March 9 and 16 respectively.

After a four-year dispute between Warsaw and Brussels over public aid for Poland's heavily indebted shipyards, Poland agreed last year to a European Commission proposal to sell off the yards. The sell-off is open to all bidders including real estate developers.
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