Dutch Bail Out Damen Naval with €270m Bridging Loan: Media - DutchNews.nl

De Telegraaf

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Shipbuilder Damen Naval is receiving a bridging loan from the government. The company is otherwise at risk of going under due to delays in the construction of German naval frigates.

NRC Handelsblad

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The Gorinchem-based shipbuilder is in acute financial trouble due to problems with the construction of six F-126 frigates for the German navy. It is unclear whether the German government will also provide financial support.

NOS

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The company is in financial trouble because of a glitch in the production of six German frigates.

rd.nl

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The House of Representatives will return from its summer recess on Thursday to vote on additional amendments to the budgets of the Ministries of Defense and Economic Affairs. The caretaker government wants to provide a bridging loan to an unnamed company. Insiders confirm that the company in question is shipbuilder Damen Naval, following reports from various media outlets.