Independent journal on economy and transport policy
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Navalmeccanica society British A&P Group is bought by Atlantic & Peninsula Marine Services
Between the purchasers they figure Peel Port and Cammell Laird
March 1, 2011
The company British society of repairs and naval conversions A&P Group, that it has two yards in the northeast of England to Hebburn and Middlesbrough and of a yard in Cornwall to Falmouth, is bought by the Atlantic & Peninsula Marine Services Ltd. , between whose shareholders figure the Peel Port Holdings (No2) (IOM) Ltd. (British group Peel) and other private investor between which investor and manager of the navalmeccanica society English Cammell Laird Shiprepairers and Shipbuilders Ltd.
The current management of A&P Group will continue to guide the society. "This announcement - the managing director of the company has commented today, Chris Bell - is a good news for A&P Group and it will lead us towards a continuous increase is in short that over the long term. The managing team is engaged to guarantee that the activity continues more and more towards the perseguimento of opportunity in new fields and continuing to serve our current customers. We are pleasing to the precedence shareholders whom they have supported to us and they have allowed us to invest in the activity putting to us in the solid position in which we find ourselves today. We are anxious to work with the new shareholders who share our vision of prosecuzione of the business".
A&P Group has a annual turnover of about 100 million pounds and currently the yards of the society are engaged among other things in the construction of ships support for the Royal Fleet Auxiliary (RFA) of the British ministry of the Defense and of sections of the two new aircraft carriers of class "Queen Elizabeth" of the Royal Navy.
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