Harland and Wolff is looking to split its shipbuilding operations in a capital restructuring.
The move is likely to increase fears that parent company Fred Olsen Energy has long-term plans to pull out of shipbuilding so that it can use dockside real estate for property and other developments.
The Belfast shipbuilder is looking for shareholder approval for the capital restructure which is aimed at bolstering the balance sheet and freeing it to bid for new business.
Financial Times 20/04/00 page 6
