Insider: DEAL AGREED FOR APPLEDORE SHIPYARD ASSETS

A deal has been agreed for a listed business to acquire substantially all the assets of Appledore Shipyard in Devon.

InfraStrata, the owner of Belfast’s historic Harland & Wolff (H&W) yard, has acquired the assets, with the site to be renamed H&W (Appledore).

The business, which is focused on strategic infrastructure projects and physical asset lifecycle management, is paying £7m for the “highly strategic asset with a rich shipbuilding heritage”.