Spain’s Navantia Close to Harland & Wolff Deal, Telegraph Says

Spanish state-owned shipbuilder Navantia is nearing a deal to buy the UK’s Harland & Wolff Group Holdings out of administration, according to the Telegraph.

The parties are in exclusive talks for a deal that would see Navantia take control of Harland & Wolff next month, the newspaper reported late Friday, without saying where it got the information. The talks are tentative, it added.

The deal would include all four of the company’s yards — in Northern Ireland, England and Scotland — the newspaper said. Navantia is also understood to be providing temporary funding to Harland & Wolff to ensure that ...