Treasury Minister approves the Gdansk Shipyard sale

In return, Gdynia Shipyard president Janusz Szlanta agreed to provide consortium shares to Solidarity in connection with the Gdansk Shipyard Association. The approval was just a formality as the shipyard was sold by its syndic on Sept. 8. However, Wasacz had suspended the transaction while waiting for the court's decision on whether the sale was legal. The court hasn't decided on the case yet, but Gdansk Shipyard's financial situation called for an immediate decision. "After a great deal of examination, we did not find any formal or legal obstacles standing in the way of the transfer," said Wasacz, adding: "The Shipyard will continue to build ships and workers will retain their jobs." (Gazeta Wyborcza, page 1)