Polish lessor BudBank Leasing will oversee the auctioning off of
assets from Gdynia and Szczecin, Poland’s two state owned
shipyards, this month.

The leasing company, which was assigned the task by the Polish
government at the start of this year, is scheduled to wrap up the
auction process by June 6 of this year.

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The break-up and sale of the shipyards was ordered in January,
after a ruling by the European Commission last year stating that
they had been received illegal financial support from
government.

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