Qatar Bank Buys Polish Shipyards

3rd July 2009

Share:

The "mystery" buyer of the shipyards in Gdynia and Szczecin has been officially revealed to be QInvest, Qatar's largest investment bank. The purchase effectively saves the shipyards from the threat of bankruptcy that had been hanging over them since the European Commission ordered them late last year to pay back past state aid.

Treasury Minister Aleksander Grad identified the investor to the press on Tuesday, more than a month after a majority stake in the shipyards was auctioned off for roughly PLN 380 mln. At that time, the buyer was identified as United International Trust, acting on behalf of Stichting Particulier Fonds Greenrights (SPFG), a company based in the Dutch Antilles.

New ...

The full text of articles over six months old is only available to members of My NPE

NPE Premium - go beyond the news

Poles you should know - Jerzy Kosinski From Lodz to Hollywood

Born in Łódź, 1933, Jerzy Kosiński stands out as one of the 20th centuries great literary talents, with a life story every bit as sinister and dramatic as his books. ... -

Polish Art Nouveau and Młoda Polska How Poland rediscovered itself through art

In the late 18th century Poland was suffering a little bit of a crisis: it didn’t exist. At least not on the map, anyway. The backwards-glancing oeuvre of the nation’s ... -

Your comments

Tired and Emotional just read Working hard... hardly working and said

"Frans Number of public holidays in Holland 8, Poland 10, UK 8. Statutory minimum holidays Holland 20, Poland 26, UK 28. Average ..."

Read the story and add your comment

Latest headlines


Username
Password
	or	Register