Independent journal on economy and transport policy
01:21 GMT+2
BETHLEHEM STEEL TO SELL SHIPYARD TO VERITAS
(Fairplay)
September 4, 1997
Ending months of speculation, Bethlehem Steel Corp has agreed to sell its Sparrows Point shipyard in Baltimore to Veritas Capital, a New York investment firm. Veritas still must arrange financing, but the companies hope to finalise the deal before the end of the third quarter. Bethlehem Steel had reportedly been asking $30m for the yard but, according to ...... Read more on Fairplay
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