Financial investor Lars Windhorst has agreed to a takeover of struggling German shipyard Flensburger Schiffbau-Gesellschaft (FSG).
Companies belonging to his Tennor Holding are expected to order a brace of ro-ro vessels in a late reprieve for the insolvent German shipbuilder.
The sales contract is expected to be completed on 1 September. It will provide work for more than half the yard's workforce.
