www.gandul.ro/stiri/rheinmetall-santierul-naval-ma

German company Rheinmetall has fully paid 138 million euros for Mangalia Shipyard, marking a significant transaction in Romania's insolvency history. The sale contract has been signed, but ownership transfer awaits legal approvals. This acquisition aims to enhance production capabilities for both civilian and military vessels. Rheinmetall plans to modernize the shipyard, which will play a crucial role in constructing four military ships for the Romanian government. The shipyard's strategic importance is highlighted by its capacity for building and repairing warships, as well as commercial vessels. The previous partnership between the Romanian state and Damen Shipyards faced challenges, leading to Damen's bankruptcy filing for the Mangalia branch.