Shipowners are taking over Dutch shipbuilding group Royal IHC in a deal with its banks.
The company said "a leading maritime" consortium will own the business as part of a refinancing.
Members comprise its Benelux industrial partners from the dredging and offshore sectors: Luxembourg fund HAL Investments, Belgian fund Ackermans & van Haaren, and shipowners Van Oord and Huisman.
The yard has an orderbook of 35 vessels, including dredgers, a pipe-layer and two work boats.
