The management of Fairline has approved the deal for the purchase of one of the three shipyard's plants by Russian investors Alexander Volov and Igor Glyanenko. The amount of the deal was about 4 mln pounds, reports Motor Boat & Yachting. The shipyard is expected to announce the deal at the Boat Show in Dusseldorf, which will open on January 23.
Fairline currently offers 14 models ranging in size from 38 to 78 feet.
Fairline's interim administrator, FRP Advisory, has not confirmed this information, saying it is still considering several offers from different investors. According to The Telegraph, there have only been two such offers and Fairline's administration has favoured the Russians as they have agreed not to move production from the UK to other countries.
Fairline Boats was handed over to an interim administrator in early December. The company had previously sacked 185 people who had not been paid their salaries for 10 months. Last year, Fairline's previous owner Better Capital valued the shipyard at £13.5m.
