“Remontowa” for Sale

MiR Maritime Services Co. Ltd. (Gdansk, Poland) informs that the Polish Ministry of Treasury will, in September this year, announce their offer to sell the Gdansk Shiprepair Yard known as “Remontowa”. It appears that 15% of the total number of shares will be reserved for the yard employees and 70% up to 85% will be offered to bidders, with some shares probably retained by the government. MiR is looking for a financial partner, who would be interested in joining forces with the aim to purchase a majority stake in the shipyard.

MiR Maritime Services Co. Ltd. Has been operating in the area of ship repair since 1995 and it is now involved in a Joint Venture with a North American partner. The company has been rendering repair services to shipowners from Great Britain, Italy, Syria, Monaco, USA, Bahamas, Greece and France, with most of repairs being carried out outside Poland. MiR continues its cooperation with such well-known shipyards as Lisnave (Portugal) and Riga (Latvia) and now intends to substantially extend its scope.

Potential JV partners are requested to communicate their intentions as soon as possible as the time is of essence.

Industry sources say that other Polish company - Shipyard Gdynia is also interested in taking a stake in “Remontowa”.