A Canadian firm is understood to have held talks with BiFab bosses, fuelling speculation of a possible buy-out.
Beatrice offshore windfarm
Troubled engineering firm BiFab was on the brink of administration three times last week as intensive talks to secure its future took place, Scotland's economy secretary has said.
An agreement has been reached that will lift the threat of administration from troubled engineering firm BiFab, and see work continue on the current contract for the Beatrice Offshore Windfarm.
BiFab has been paid in full for work completed on a major offshore windfarm project according to the Dutch firm being blamed for its financial woes.
Babcock's Rosyth yard has been awarded a contract to construct two Offshore Transformer Modules (OTM) for the Beatrice Offshore Windfarm Limited (BOWL) project in the Outer Moray Firth.
Fife-based BiFab has secured a £100 million contract to support the build-out of the massive Beatrice offshore wind farm in the Cromarty Firth.