STX Europe (Aker Yards) has taken up a short-term loan of NOK 50 million from STX Norway AS.

The loan is for “general corporate financing purposes” according to a release from the yard, and carries a 2.5 percent interest rate.

Korean-based STX recently became Aker’s largest shareholder – controlling 92.4 percent of its shares.

In addition, Aker Yards is expected to change its name to STX Europe this fall.