Germany’s Rheinmetall Acquires Romania’s Mangalia Shipyard
49 Articles
49 Articles
Rheinmetall bought the Mangalia shipyard with less than 138 million euros without VAT, a sum of almost 46 million euros less than the initially announced one. It was the fifth tender organised, after another 4 without any results, at which the German armament company did not even show up. This result comes after months of uncertainty. In the spring, Damen employees went out to protest because they had not received their wages for three months, a…
The German defense unit Rheinmetall acquired the bankrupt Romanian shipyard in Mangalia for 138 million euros for the construction of warships. The Romanian shipyard Damen, located in the village of Konstanza, took possession of the German Rheinmetall Real Estate Romania for 138 million euros. The company was declared bankrupt in 2024, after which five tenders were held for its sale, handed over the TASS with reference to Radio Romania. One of t…
The Mangalia Shipyard was sold Friday, following an auction, to Rheinmetall Real Estate Romania SRL, for 138,034.320.47 euros, without VAT, announced CITR, the judicial liquidator of Damen Shipyards Mangalia. The government welcomed the purchase and said that the restoration of the yard is important for the security of Romania in the Black Sea, for the defence industry and for the creation of jobs.
Rheinmetall company is to pay around 140 million euros. Friday's auction was the fifth, after four failures. Rheinmetall participated in it first. CITR, the judicial liquidator of Damen Shipyards Mangalia, and the leader of Romania's restructuring and insolvency market, announces that it sold the yard today, October 9, 2026, ...
The Damen Mangalia Shipyard was sold to the German company Rheinmetall for 138 million euros, without VAT. The transaction offers a chance to relaunch one of the most important industrial assets of Romania, bankrupt since April 2026. Article Damen Mangalia Shipyard was sold with 138 million euros to Rheinmetall. The German giant takes over one of the most important industrial assets of Romania appears first in Romania TV.
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