Market
What will be Navantia's strategic focus for Harland & Wolff by December 2025?
2
Resolution / Starting Odds
Expansion of shipbuilding capabilities • 25%
Diversification into renewable energy • 25%
Focus on defense sector • 25%
Other strategic focus • 25%
Official communications from Navantia or industry analysis reports
Story
Navantia to Acquire Harland & Wolff in Belfast for £70 Million, Saving 1,000 Jobs with UK Government Support
Dec 19, 2024, 09:36 AM
Spanish state-owned shipbuilder Navantia is set to acquire Harland & Wolff, the iconic shipbuilder based in Belfast, in a deal valued at approximately £70 million. This acquisition is expected to save around 1,000 jobs across Harland & Wolff's four UK facilities. The UK government has expressed support for the transaction, despite its general opposition to state ownership in the UK industry. The deal is seen as part of the broader economic shifts following Brexit, with Navantia, which is owned by the Spanish government through SEPI, stepping in to secure the future of the troubled shipbuilder.
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Other • 25%
Renewable Energy Projects • 25%
Military Shipbuilding • 25%
Commercial Shipbuilding • 25%
Other • 25%
Department for Business and Trade • 25%
Department for Energy Security and Net Zero • 25%
Ministry of Defence • 25%
Decrease by up to 10% • 25%
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Decrease by more than 10% • 25%
Seeks another foreign investor • 25%
Focuses on domestic growth • 25%
Undergoes restructuring • 25%
Merges with another U.S. company • 25%
Seek another merger/acquisition • 25%
Focus on domestic expansion • 25%
Undergo restructuring • 25%
Other strategic direction • 25%
Balanced Approach • 25%
Reduced Climate Initiatives • 25%
Increased Shipbuilding • 25%
No Significant Change • 25%
Public-private partnerships • 25%
Other • 25%
Tax incentives for R&D • 25%
Increased funding for R&D • 25%
Acquisition of large assets • 25%
Acquisition of medium assets • 25%
Acquisition of small assets • 25%
No acquisitions • 25%
Other outcome • 25%
Acquired by another company • 25%
Successfully restructured • 25%
Liquidated • 25%