26.3.2023
BY THE ATTACHED PRESS RELEASE CHANTIER DAVIE CANADA INC. MADE AN ANNOUNCEMENT ABOUT THE NEGOTIATIONS ON ITS EXCLUSIVE OPTION TO PURCHASE THE SHIPYARD:
Helsinki, Finland – March 26, 2023 – Chantier Davie Canada Inc. (Davie) today announced the exercise of its exclusive option to purchase the assets of Finland’s Helsinki Shipyard Oy (HSO).
Exercising the option to purchase does not mean an acquisition is completed. It is subject to the successful execution of thorough due diligence, including financial, regulatory and legal considerations, as well as final decision making by Davie.
Davie President and CEO, James Davies, said: “If the acquisition is successful, it would combine two historic and highly complementary businesses creating the western world’s leading international centre of excellence for Arctic shipbuilding.”
The ongoing process is otherwise confidential, and Davie will make further comment only upon reaching a major milestone such as the signing of a purchase agreement.
About Davie
Based in Québec, Canada since 1825, Davie is a leading builder and maintainer of specialist, mission-critical ships such as icebreakers, warships and ferries for government and commercial customers. Davie is Canada’s largest and highest capacity shipbuilder as well as a partner in the country’s National Shipbuilding Strategy under which it will build a fleet of advanced, fuel-efficient polar icebreakers and hybrid ferries. Find out more at davie.ca
For more information:
Kim Salmi, CEO, Helsinki Shipyard Oy
Tel. +358 50 401 8158 | kim.salmi@helsinkishipyard.fi