Titanic shipbuilder Harland & Wolff is reportedly on the verge of falling into Spanish hands under a government-backed £70million rescue deal.
The company, which fell into administration in September, is expected to be bought by Spain’s Navantia, according to Sky News.
An announcement could come as soon as tomorrow and will include job guarantees. Harland & Wolff is best known for building the Titanic in Belfast and also runs the historic Appledore shipyard in Devon, as well as two sites in Scotland.
But the 163-year-old firm fell into administration after struggling to keep up with competitors.
H&W declined to comment. Navantia was contacted for comment.
Rescue deal: Harland & Wolff, which fell into administration in September, is expected to be bought by Spain’s Navantia, according to Sky News
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading fees
Trading 212
Trading 212
Free dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
***
Read more at DailyMail.co.uk