Tennor Holding takes full ownership of Flensburger Schiffbau-Gesellschaft mbH & Co. KG. (FSG)

Flensbug, 30.9.19; The Global investment company Tennor Holding B.V. confirms it has now become the sole owner of the German shipyard FSG.

This follows the successful acquisition of all remaining shares in FSG from the former owners, Siem Europe Sarl.

In February of this year, Tennor (formerly Sapinda Holding) became the principal shareholder in the business, established in the North German state of Schleswig-Holstein in 1872.

Siem Europe first became a shareholder in FSG in September 2014 and over the past five years has been the main purchaser of vessels produced at the yard, which has included the construction of 8 large Roll on/Roll off freighters.

Siem Europe will continue to work closely with Tennor alongside other FSG customers and suppliers to ensure the long term growth and prosperity of the business.