iPhone | iPad
Android
Huawei
Epic will also raise its competition concerns with regulators in the European Union
KT APPDOWNLOAD
Abu Dhabi Yacht-builder Buys Stakes in German Boatyard
DUBAI - Private yacht-building company Abu Dhabi MAR said on Wednesday that it has bought a majority stake in German shipbuilding company Nobiskrug’s shipyard in Rendsburg.
The company bought “a controlling interest” in the Nobiskrug Shipyard, it said, without disclosing the size or value of its stake. Nobiskrug, which specialises in building luxury yachts, has built and launched more than 700 vessels and has five large yachts under construction, the statement said. Efforts to contact staff at Abu Dhabi MAR for details and clarification on Wednesday were unsuccessful.
Abu Dhabi MAR has four yachts under construction. It shares common ownership with the CMN Shipyard in Cherbourg, France, which has launched two vessels and is building a third, it said.
“The ten current builds among Nobiskrug, CMN, and Abu Dhabi MAR represent a significant portion of the global order book,” Abu Dhabi MAR said. About 75 yachts with a length of 60 meters or longer are now on order worldwide.
Nobiskrug is owned by Eagle River Deutschland GmbH, a wholly-owned subsidiary of Eagle River Capital Ltd. Guernsey, with a turnover of about €100 million. Founded in 1905, Nobiskrug has 420 employees. Its most recent launch is the World Superyacht Award-winning 74-metre “Siren.”
Haseeb Haider with inputs from Zawya Dow Jones
More news from
The Operation Chivalrous Knight 3 team distributed potable water to areas where displaced people have gathered in Khan Yunis
The closure of Ratcliffe-on-Soar marks a symbolic step in the UK's ambition to decarbonise electricity by 2030, and become carbon neutral by 2050
UK's Starmer reiterates region needs to pull back from the brink
GDP expanded by 0.5% in second quarter vs +0.6% in poll
Alexander Permyakov confessed to the crime saying he had acted on instructions from Ukraine's SBU security service and was promised $20,000 to complete the job, says Russian state media
The 33-year-old was one of the key players in 2018 when France won the World Cup in Russia
JPMorgan stock may fall by 10%-15% on CEO Jamie Dimon's eventual departure