KLAIPĖDA, Lithuania — Estonian company BLRT Grupp has finalised negotiations in the purchase of the the Lithuanian companies Baltijos Laivų Statykla boat building facility and Baltic Engineering Centre.

BLRT Grupp owns 65 companies and centers its activities around shipbuilding and other machine construction. The two Lithuanian companies manufacture floating platforms and other components used at sea. The Estonian based company does around
[private_supervisor] 20 percent of its business with Lithuania.

Danish company Odense Steet Shipyard, the current owner of the two companies, is selling off its subsidiaries to the Estonian group for an undisclosed price because it does not want to continue working in the shipbuilding industry. They have been looking to sell since August last year when the company decided it needed to discontinue its activities.

“We are very pleased with this sale to BLRT, which is highly regarded in the business community and we are certain the company will be a good owner for the future development of Baltija and Baltic Engineering Centre. We are also pleased that yet another step in our strategy of discontinuing our shipbuilding activities with the least impact to our sub-contractors and local communities has succeeded,” Peter Jann Nielsen, managing director of Odense Steel Shipyard said in a press release.

BLRT is waiting on the competition council of Lithuania to assess the deal before it goes through, but think it will be an asset to the company. The deal should go through by September this year.

“The Odense Steel Shipyard has been our long-term partner for more than 15 years. We are happy that the new capacities enlarge BLRT’s technical and logistical levels in developing shipbuilding in Lithuania and Estonia at the highest level,” CEO of BLRT Grupp Fjodor Berman said.

Baltija Shipyard and Baltic Engineering Centre employ around 1,200 staff. Verslo Žinios reported that up to one third of these employees could face the sack after the sale.[/private_supervisor] [private_subscription 1 month] 20 percent of its business with Lithuania.

Danish company Odense Steet Shipyard, the current owner of the two companies, is selling off its subsidiaries to the Estonian group for an undisclosed price because it does not want to continue working in the shipbuilding industry. They have been looking to sell since August last year when the company decided it needed to discontinue its activities.

“We are very pleased with this sale to BLRT, which is highly regarded in the business community and we are certain the company will be a good owner for the future development of Baltija and Baltic Engineering Centre. We are also pleased that yet another step in our strategy of discontinuing our shipbuilding activities with the least impact to our sub-contractors and local communities has succeeded,” Peter Jann Nielsen, managing director of Odense Steel Shipyard said in a press release.

BLRT is waiting on the competition council of Lithuania to assess the deal before it goes through, but think it will be an asset to the company. The deal should go through by September this year.

“The Odense Steel Shipyard has been our long-term partner for more than 15 years. We are happy that the new capacities enlarge BLRT’s technical and logistical levels in developing shipbuilding in Lithuania and Estonia at the highest level,” CEO of BLRT Grupp Fjodor Berman said.

Baltija Shipyard and Baltic Engineering Centre employ around 1,200 staff. Verslo Žinios reported that up to one third of these employees could face the sack after the sale.[/private_subscription 1 month] [private_subscription 4 months] 20 percent of its business with Lithuania.

Danish company Odense Steet Shipyard, the current owner of the two companies, is selling off its subsidiaries to the Estonian group for an undisclosed price because it does not want to continue working in the shipbuilding industry. They have been looking to sell since August last year when the company decided it needed to discontinue its activities.

“We are very pleased with this sale to BLRT, which is highly regarded in the business community and we are certain the company will be a good owner for the future development of Baltija and Baltic Engineering Centre. We are also pleased that yet another step in our strategy of discontinuing our shipbuilding activities with the least impact to our sub-contractors and local communities has succeeded,” Peter Jann Nielsen, managing director of Odense Steel Shipyard said in a press release.

BLRT is waiting on the competition council of Lithuania to assess the deal before it goes through, but think it will be an asset to the company. The deal should go through by September this year.

“The Odense Steel Shipyard has been our long-term partner for more than 15 years. We are happy that the new capacities enlarge BLRT’s technical and logistical levels in developing shipbuilding in Lithuania and Estonia at the highest level,” CEO of BLRT Grupp Fjodor Berman said.

Baltija Shipyard and Baltic Engineering Centre employ around 1,200 staff. Verslo Žinios reported that up to one third of these employees could face the sack after the sale.[/private_subscription 4 months] [private_subscription 1 year]20 percent of its business with Lithuania.

Danish company Odense Steet Shipyard, the current owner of the two companies, is selling off its subsidiaries to the Estonian group for an undisclosed price because it does not want to continue working in the shipbuilding industry. They have been looking to sell since August last year when the company decided it needed to discontinue its activities.

“We are very pleased with this sale to BLRT, which is highly regarded in the business community and we are certain the company will be a good owner for the future development of Baltija and Baltic Engineering Centre. We are also pleased that yet another step in our strategy of discontinuing our shipbuilding activities with the least impact to our sub-contractors and local communities has succeeded,” Peter Jann Nielsen, managing director of Odense Steel Shipyard said in a press release.

BLRT is waiting on the competition council of Lithuania to assess the deal before it goes through, but think it will be an asset to the company. The deal should go through by September this year.

“The Odense Steel Shipyard has been our long-term partner for more than 15 years. We are happy that the new capacities enlarge BLRT’s technical and logistical levels in developing shipbuilding in Lithuania and Estonia at the highest level,” CEO of BLRT Grupp Fjodor Berman said.

Baltija Shipyard and Baltic Engineering Centre employ around 1,200 staff. Verslo Žinios reported that up to one third of these employees could face the sack after the sale.[/private_subscription 1 year]

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