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  • PELLA buys Germany’s Sietas shipyard
Germany Russia Shipping & Shipbuilding

PELLA buys Germany’s Sietas shipyard

11/02/2014

Sietas shipyard: Leading tug-builder PELLA has bought Hamburg’s bankrupt Sietas shipyard. Under the arrangement, PELLA will increase the workforce from 120 to 400 and invest €15m in new technology. Tribune

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Topics: bankruptcies & liquidations, M&A, shipping & shipyards, Western Europe

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