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Who bought Polish shipyards in Gdynia and Szczecin?
This question was on lips of many economists for some time now. Poland’s government decided to brake its silence and announced that the Qatar based QInvest Bank has been a lucky purchaser of Gdynia and Szczecin shipyards.
QInvest is known for its investments in the Middle East, Turkey, South East Asia, and Africa but is now expanding further to make opportunistic investments in Europe and other profit promising places. The bank itself is strongly connected with the Qatar royal family as it is led by Sheikh Jassim Bin Hamad Bin Jassim Bin Jabr Al Thani, who is a member of the Family.
It was previously announced back in May by Treasury Minister Aleksander Grad that the United International Trust (UIT) had bought the two shipyards that needed to be privatized and restructured due to the decision of European Commissions. However it turned out that UIT has made 161 million zloty (36 million Euro) for the Szczecin facility and 288 million zlotys (64 million Euro) for the yard in Gdynia deals on behalf of the Qatar bank.
Minister Grad said that the Bank is reliable and responsible purchaser and that the payment for the Gdynia shipyard is due on 21st July. He added that this money will be added towards government’s fight against rising deficit.
