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    Keppel FELS backs away from Botlek

    News // February 9, 2001
    Keppel FELS shipbuilding and ship repair group in Singapore says its negotiations with Wilton Fijenoord Holdings in the Netherlands regarding the acquisition of the Verolme Botlek repair yard - which Wilton Fijenoord owns - have ended without agreement,following the expiry of the Letter of Intent the two companies signed last year.

    A spokesperson for the yard declined to elaborate further on the reasons why the negotiations had ended, or indicate whether Keppel FELS planned to continue trying to acquire a repair yard in Europe.

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