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31 Aug, 2019

Administrator: Buyers expressing interest in yard

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Administrators for Ferguson’s say they have held talks with several potential buyers (the exact number is not known) and are “encouraged” by the interest so far. The yard will be bought by the Scottish government if a private buyer is not found within four weeks of the date of the firm going into administration. Deloitte:

The joint administrators are undertaking a sale process and are actively engaged in discussions with a number of potentially-interested parties, however it is early in the process and therefore it is not appropriate for us to comment further at this stage. We have been encouraged by the level of interest in the yard so far but would encourage any remaining parties who may have an interest to contact us.

The Scottish government:

Ministers remain committed to the completion of vessels, securing jobs, and working towards finding a solution to support future shipbuilding at the site. Deloitte, as administrator, is currently going through the process of market testing for a private buyer. We will also start work to determine the optimal structure for the yard to ensure its long-term future. Our first priority is to establish a new delivery programme to ensure the completion of the CMAL ferry contracts.

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