US EditionDamen Mangalia filed for bankruptcy by Dutch parent firm
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Damen Holding B.V has filed a lawsuit to open bankruptcy proceedings for Damen Shipyards Mangalia SA, which operates the Mangalia shipyard and has debts to the Dutch firm.
Damen Shipyards Group has requested the Constanța Court to declare Romania's Naval Shipyard Mangalia bankrupt, in which it holds 49% of the shares, according to Europa Liberă. According to union officials, more than two-thirds of employees are expected to enter technical unemployment. "This is about an amount of approximately 160 million euros. These are the overdue loans that Damen has granted the company from the time it took over the shares, …
Damen Netherlands on Tuesday filed for bankruptcy of the Damen Mangalia shipyard, in which it owns 49% of the shares, according to information published on the official website of the courts.
Dutch group Damen filed for bankruptcy on Tuesday for Mangalia shipyard, in which it owns 49% of the shares, according to a file filed with the Constanta Court.
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