UK shipbuilding company Harland & Wolff Group Holdings Plc (AIM:HARL), or H&W, has expressed an interest in acquiring Isles Of Scilly Steamship Company Limited, the companies have announced. H&W is interested in operating ferries on the route so the acquisition is in line with its strategy. However, Isles of Scilly Steamship Company has rejected the preliminary proposal because its board of directors does not believe a deal would be in the company's best interests.

H&W has until December 21, 2023 to state its firm intention to table an offer or to take back its interest. There is no guarantee that an offer will be made, H&W noted.