30 November 2017

Negotiations for Selling Syros Shipyard

Negotiations between the Onex group and the Greek government about the purchase of the Syros island shipyard are expected to begin at the end of the month.

Reports of interest in the shipyard on the homonymous Cyclades island had in the recent past reached as far as Russia, China and even Korea, with several Greek ship owners also mentioned at various times. Nevertheless, only Onex submitted a bid for the shipyard, the third largest in the country. If the negotiations have a good end a lot of new workers will be needed.