Harland & Wolff Puts Yards into Administration Ahead of Asset Sale

The deal to save the shipyards of Harland & Wolff is reported to be proceeding with the board of the company saying this week that it expects the sale process to be completed in the coming weeks. Preparing for the sale of the assets, however, the company reported it will move the individual businesses into administration after previously reporting it had the finances to maintain the operations during the transition.

“The directors have reluctantly taken the decision, after a lengthy sales process with assistance f…