Yesterday morning the judge Étienne Parent of the High Court of Quebec has approved the sale of $ 26.7 million for all of the assets of the company's shipbuilding Davie Yards to a company wholly controlled by the Canadian Upper Lakes Group, which will operate the shipyard Davie, located in Lévis in Quebec, in a joint venture with SNC-Lavalin and Daewoo Shipbuilding and Engineering Co. (DSME) ( of 15 July 2011).
Upper Lakes to the go-ahead came in time to meet the deadline set in the same day yesterday to present the offers to acquire federal contracts worth $ 35 billion government plan in the Canadian shipbuilding industry Shipbuilding National Procurement Strategy SNACN-NSPs, the race which also involves Canada Vancouver Shipyards (group Seaspan Marine Corporation) and Irving Shipbuilding Inc. (ISI).
"We have made untold efforts to conclude an agreement under enormous pressure - said the president and CEO of Davie, Johan Gustav Nydal - and we are pleased to be able to sell the shipyard to a credible buyer, along with its partners, can ensure a future for the plant life. This is good news for our workers and for Québec as a construction operation ensures a high level of employment and will make a positive economic contribution that will be further exacerbated if the site will be selected as part of the NSPs. "
Recall that the shipyard Davie Yards had led negotiations to be acquired by the Italian Fincantieri and Finmeccanica have failed (of 1 April and 20 May 2011).
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