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German group Rheinmetall has fully paid 138 million EUR for the Mangalia Shipyard assets, acquired at an auction on October 9, 2026. The sale contract was signed, but the transfer of ownership depends on obtaining legal approvals. This transaction is the largest ever in Romania for a company in insolvency. Rheinmetall, in collaboration with Mediterranean Shipping Company (MSC), plans to develop the shipyard into a dual-use naval construction center. The project includes building four military vessels for Romania and enhancing civil shipbuilding capabilities. The shipyard was sold after a 25% price reduction due to previous unsuccessful attempts to sell its assets.