Sale denied

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The Independent Online
VSEL has denied reports that it has found a buyer for the Cammell Laird shipyard on Merseyside. The Cumbria- based submarine builder said that stories of a multi-million- pound purchaser were 'totally untrue'.

In October 1990, VSEL said it would close the yard if it could not find a buyer once a series of Royal Navy submarines had been completed.