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Published

Civmec plans takeover of Luerssen Australia amidst OPV disarray

Summary by Naval News
In an Australian Securities Exchange filing on 15 October, the latter announced, “Civmec Limited and NVL B.V & Co KG (Naval Vessels Lürssen) of Bremen, Germany have entered into a non-binding heads of agreement detailing the framework for the transfer of ownership of Luerssen Australia Pty Ltd to Civmec Limited.” The proposed change of ownership requires governmental consent, but the two parties have immediately begun engaging with Canberra to g…
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