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Published

Navantia close to £70m purchase of stricken Titanic builder Harland & Wolff

  • Harland & Wolff is close to a £70m government-backed rescue deal that includes job security for its workforce.
  • Ministers plan to announce that Navantia will acquire Harland & Wolff and its four UK shipyards after negotiations.
  • Navantia is expected to pay about £70m for Harland & Wolff's assets and improve contract terms with the Royal Navy.
  • A government insider called the deal 'a victory' for Sir Keir Starmer's administration amid uncertainty.
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