The Finnish government has teamed up with Meyer Werft, the German ptrivately owned shipbuilder that is leading builder of cruise ships, to acquire the Turku shipyard in Finland from the troubled STX Offshore & Shipbuilding group, whose headquarters are in South Korea.
"The ministry of employment and the economy has informed the Korean owner of STX Finland that the state together with its industrial partner has interest in entering talks with an aim to possibly acquire the Turku shipyard," said Jan Vapaavuori, the Finnish employment and labour minister, in a statement.
"Both the state and Meyer Werft are committed to the talks that are currently in progress. The talks are, however, at an initial stage, so it is not possible to elaborate on the matter at this stage, Vapaavuori stated.
