Gdynia Shipyard denies Masa Yard assertion of imminent cooperation deal

Saarikangs is the head of the shipyard department in Kaverner, the current owner of Masa Yard, and holds the post of Masa Yard president. According to the Finnish daily Kauppaleghti the purchase will be financed by Citibank, ABN Amro and ING Barings Bank. But Gdynia representatives deny such a deal is in the making. “There was no such proposal from us. We held talks with Masa Yard management but they can hardly be called negotiations,” said Gdynia Shipyard president Janusz Szlanta. However yesterday the spokesmen of Kaverner Trond Andersen said that the company expects an offer from Gdynia Shipyard by the end of this week. He added that as far as he knows there are no other investors interested in purchasing Masa Yards shipyards. (Prawo i Gospodarka, page 3)