Abu Dhabi Mar, a shipbuilder based in the capital, is weighing an expansion of its European operations with the possible acquisition of a naval repair yard in eastern Germany.
The company has expressed an interest in buying P+S Werften, an insolvent German shipbuilder the portfolio of which includes the construction and repair of naval vessels.
"Our shareholder isn't ruling out expanding its business in Germany," said Susanne Wiegand, the managing director of Nobiskrug, a German shipbuilding firm owned by Abu Dhabi Mar.
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