It is being reported that a deal to purchase Titanic shipbuilder Harland & Wolff has gotten approval by the British cabinet. Spanish government owned Navantia will acquire the company and its four UK shipyards keeping about 1,000 British jobs in the process. While the final details have yet to be worked out, a general outline has been agreed to. Also, a UK Royal Navy contract for three Fleet Solid Support vessels will be renegotiated.

A deal could be reached later this week and announced before Christmas.

Source

Kleinman, Mark. “Harland & Wolff Close to Government-backed Rescue Deal With Navantia.” Sky News. Last modified December 7, 2024. https://news.sky.com/story/harland-and-wolff-close-to-government-backed-rescue-deal-with-navantia-13268471.