It follows an agreement reached last month for the Government to take over the yard after the firm entered administration in August. A meeting of the board of directors of Macrocom – the company wholly owned by Scottish ministers that will own the Ferguson Marine business and assets – was held yesterday to consider and sign the contract.
Full completion of the contract and the final transaction is expected to take place in the coming weeks.
Finance Secretary Derek Mackay said the action taken would help to ensure a future for the yard. “Our focus has always been on ensuring completion of the two public sector ferries at the best value for money for the taxpayer, while also working towards the delivery of the other vessels under construction at the yard, and in doing so, securing jobs for the workforce,” he said.
More on the story here.