The new owner of Hamburg shipyard Blohm + Voss is to sell off its components division.
UK private equity company Star Capital Partners’ (SCP) boss Tony Mallin told German media that potential buyers were already in talks over a deal.
SCP is aiming for a profit of 20% from the disposal.
The company bought B+V’s merchant shipbuilding assets in December for a reported EUR 30m ($39.87m), plus a share in profit expected to reach EUR 40m. It is retaining the ship repair business, plus the super-yacht arm.
Published : March 21, 2012