Subocean in danger of Administration

This topic has 2 replies, 2 voices, and was last updated 13 years, 5 months ago by Ray Shields.

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January 19, 2011 at 6:49 pm #4030

Ray Shields
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http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-12229710

A renewables firm in the north east of Scotland with about 320 staff and contractors has taken steps in a bid to avoid going into administration.

The company said directors were now "working tirelessly on re-financing".

One of the options being considered is the sale of the company.

January 28, 2011 at 6:34 pm #30106

Bacaruda
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http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-12312987

Not good news

January 31, 2011 at 11:12 am #30107

Ray Shields
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So Subocean have been bought out by Technip.

http://www.ronsrovlinks.nl/modules/impression/singlearticle.php?aid=4719&title=technip_expands_renewables_capabilities_through_uk_acquisition&utm_source=twitterfeed&utm_medium=twitter
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