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Titanic shipbuilder Harland & Wolff is reportedly set to fall into Spanish hands under a £70m government-backed bailout deal.
The company, which fell into bankruptcy in September, is expected to be bought by Spain’s Navantia, according to Sky News.
An announcement could come tomorrow and will include job guarantees. Harland & Wolff is best known for building the Titanic in Belfast and also runs the historic Appledore shipyard in Devon, as well as two sites in Scotland.
But the 163-year-old company fell into administration after struggling to keep up with its competitors.
H&W declined to comment. Navantia was contacted for comment.
Rescue deal: Harland & Wolff, which fell into bankruptcy in September, is expected to be bought by Spain’s Navantia, according to Sky News
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