A shipbuilder that is owned by the Spanish government is expected to confirm today that it is buying Belfast-based Harland and Wolff.
The Madrid-headquartered Navantia, with three shipyards, has been in exclusive negotiations since October after Harland and Wolff's holding company fell into administration last September.
It is expected that all jobs at H&W are expected to be saved in the deal, which is also thought to include three facilities in the UK, two in Scotland, and one in England.
BBC News understands that an announcement is also expected to be made in Westminster Parliament today.
Around 1,200 core staff are employed at the main shipyard in Queen’s Island in Belfast, Arnish on the Isle of Lewis, Methil on the Forth of Fife, and Bideford near Appledore, North Devon.
Navantia's main shipyard is at Cadiz, in addition to those in Cartagena and Ferrol, employing more than 4,000 people. Its annual turnover is about €1.3bn (£835m).
More here on the development.

















































