Spanish Company Buys Iconic Titanic Shipbuilder Harland and Wolff

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Harland And Wolff,Titanic,Shipbuilder

Navantia, a Spanish state-owned business, has agreed to purchase the historic Harland and Wolff shipyard in Northern Ireland, known for building the Titanic. The deal, pending regulatory approval, aims to secure the future of the company that faced bankruptcy for the second time in five years.

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If approved, the deal will secure 1,000 jobs at Harland and Wolff’s four shipyards, including at the iconic one in Belfast, Northern Ireland. Two of the others are in Scotland, while the fourth is in England. “This deal is a major vote of confidence in the U.K. from Navantia, which will not only secure the future of U.K. shipbuilding, but protect 1,000 jobs across the country and bring future investment into shipbuilding right across the U.K.,” Business and Trade Secretary Jonathan Reynolds said.

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