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Rosetti Marino withdraws acquisition

Ravenna - Rosetti Marino has withdrawn the acquisition of the Heerema Zwijndrecht construction yard in the Netherlands

Ravenna - Rosetti Marino has withdrawn the acquisition of the Heerema Zwijndrecht construction yard. Rosetti and Heerema Fabrication Group had entered into a letter of intent on the 16th of November with the aim to sell to Rosetti Marino the HFG activities at the yard in Zwijndrecht, The Netherlands.

Since then, writes Heerema in a note, the two companies “have worked closely together and in good mutual cooperation to investigate the viability of this proposed sale.

But after careful consideration of the risks and opportunities, says the note, Rosetti Marino has concluded that this acquisition did not meet its requirements due to adverse market conditions and the uncertainty for future prospects for the Zwijndrecht yard. CEO Oscar Guerra: “Rosetti Marino regrets that our interest in the proposed sale could not happen due to external factors beyond our control”.

The management of Heerema meanwhile has informed staff at the Zwijndrecht yard about the intended yard closure and will request advice from Works Council of Heerema Nederland. Heerema is committed to support the eighty employees who are being made redundant as a result of this closure. CEO Koos-Jan van Brouwershaven: “We will continue to provide every support we can offer in this very difficult period.”

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