HPP advised a pledge holder on a shipyard sale in which the city of Rauma purchased a shipyard with its buildings and equipment from STX Finland Oy.
The value of the sale was approximately 18 million euros. As a part of the transaction, the city transfers the shipyard under the care of Rauman Meriteollisuuskiinteistöt Oy, a limited liability company owned by the city. STX Finland Oy continues to operate the shipyard as a lessor until the existing orders for two ships have been completed. In future the city is planning to use the shipyard as an industry park focused on marine industry and engineering.