www.gandul.ro/stiri/contestatie-damen-holding-sant

The Constanța Court of Appeal is reviewing Damen Holding BV's challenge against the sale procedure of the Mangalia shipyard, which was won by Rheinmetall Real Estate Romania SRL for 138 million euros. The sale process has faced multiple delays and legal disputes, with Damen Holding contesting the price reduction and sale modifications. The shipyard, crucial for NATO's eastern flank, has been in financial turmoil, leading to its bankruptcy. Damen, which held a 49% stake, is set to profit significantly from the sale, while Romania, holding a 51% stake, faces job losses and financial implications due to the deal being funded by Romanian loans.