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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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Military Shipbuilding • 25%
Other • 25%
Renewable Energy Projects • 25%
Commercial Shipbuilding • 25%
Department for Business and Trade • 25%
Ministry of Defence • 25%
Department for Energy Security and Net Zero • 25%
Other • 25%
Decrease by more than 10% • 25%
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Decrease by up to 10% • 25%
Undergoes restructuring • 25%
Focuses on domestic growth • 25%
Seeks another foreign investor • 25%
Merges with another U.S. company • 25%
Other strategic direction • 25%
Undergo restructuring • 25%
Seek another merger/acquisition • 25%
Focus on domestic expansion • 25%
Tax incentives for R&D • 25%
Public-private partnerships • 25%
Other • 25%
Increased funding for R&D • 25%
No acquisitions • 25%
Acquisition of medium assets • 25%
Acquisition of large assets • 25%
Acquisition of small assets • 25%
Acquired by another company • 25%
Other outcome • 25%
Successfully restructured • 25%
Liquidated • 25%
Maritime training • 25%
Infrastructure development • 25%
Mine clearance operations • 25%
Other military support • 25%