Sales Contract Signed: Investor Lars Windhorst Gives Shipbuilding in Flensburg a Future There is hope for the insolvent Flensburg shipyard. Tennor Holding founder Lars Windhorst is honouring his promise to stand by the FSG, by announcing the following measures: Several businesses belonging to...
Flensburg Shipyard
Financial Investor Lars Windhorst Rescues Flensburg Shipyard
Financial investor Lars Windhorst has thrown out a lifeline to the German shipyard by acquiring the majority of FSG. Windhorst’s Sapinda Holding B.V. took over 76% of the shares, said previous owner, the Norwegian company Siem. Some EUR 33 million of fresh equity will also be put by Windhorst’s...
https://www.ferryshippingnews.com/financial-investor-lars-windhorst-rescues-flensburg-shipyard/
Troubled Flensburg Shipyard Has A Future
Last week it was reported how Flensburger Schiffbau-Geselschafft got into liquidity problems. Siem Industries Group, the Norwegian owner of FSG has now taken several steps to get the yard out of the trouble zone. The CEO, Rudiger Fuchs, has left the company, and Siem’s Alexander Gregg-Smith took...
https://www.ferryshippingnews.com/troubled-flensburg-shipyard-has-a-future/