Titanic ship builder Harland & Wolff set to fall into Spanish hands in £70m rescue deal Titanic shipbuilder Harland & Wolff is reportedly on the verge of falling into Spanish hands under a government-backed £70million rescue deal.
Rescue deal: Harland & Wolff, which fell into administration in September, is expected to be bought by Spain’s Navantia, according to Sky News.
Harland & Wolff is best known for building the Titanic in Belfast and also runs the historic Appledore shipyard in Devon, as well as two sites in Scotland.
The company, which fell into administration in September, is expected to be bought by Spain’s Navantia, according to Sky News.
But the 163-year-old firm fell into administration after struggling to keep up with competitors.
