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Davie Shipyard sale cleared by Québec court

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Canada

Thursday, July 21, 2011

A Québec Superior Court judge has approved the sale of troubled Davie Yards to Ontario-based Upper Lakes Group in a decision handed down today in Québec City.

Davie has been in creditor protection since February 2010 and had been planning a bid for one of two contracts to be handed down as part of the Government of Canada's National Shipbuilding Procurement Strategy (NSPS). This plan had historically been cast into doubt as a condition of the bidding process was that the yards involved be financially solvent.

The deadline to submit bids is 14:00 Eastern Time (19:00 UTC) on July 21. Vancouver-based Vancouver Shipyards, and Halifax-based Irving Shipbuilding are also bidding for the NSPS contracts.


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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.
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