Polish shipyards Gdynia and Szczecin are sold off

The government agency in charge of disposing of two of Poland’s shipyards yesterday signed an agreement selling the bulk of their assets to the Netherlands-based United International Trust,  Financial Times reports.

The yards were forced into liquidation by the European Commission, which found they had received illegal government aid. The Commission ruled that the yards had to be broken up.Stichting Particulier Fonds Greenrights, representing United International Trust, offered 288m zlotys ($89m, €64m, £56m) for most of the yard in Gdynia and 161m zlotys for the Szczecin shipyard.

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