MSC to buy 50% stake in Malta’s Palumbo Shipyards
February 25, 2020

According to Times of Malta, MSC Cruises is planning to buy a 50% stake in Malta’s Palumbo Shipyards. The plans were announced in a notification by the Office for Competition in terms of the Control of Concentrations Regulations law.

Palumbo Shipyards with headquarters in Naples, has been in the shipbuilding industry since 1967. The company took over the former Malta Shipyards 10 years ago when it was granted a 30-year concession by the Maltese government.

Valletta facilities count of 6 docks, running 4 of the largest for ship repair, and the remaining 2 purely for yachts.

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