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The fate of Gdansk shipyard is still depending on a verdict by the EU commission (Photo: Wikipedia)

Poland sells shipyards after EU ruling

Poland announced Thursday that it has sold two of its historic shipyards to an offshore-registered company.

The move came after the European commission ruled that the state aid flowing for years to the three shipyards, the birthplace of the Solidarity anti-communist movement, was in breach of EU competition rules.

United International Trust, a company registered in the Netherlands Antilles, paid a total of €82 million for the yards at Gdynia and Szczecin on Poland's northern Balti...

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The fate of Gdansk shipyard is still depending on a verdict by the EU commission (Photo: Wikipedia)

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