The Titanic Quarter is a regeneration area on the original site of the Harland and Wolff shipyard - birthplace of RMS Titanic. (CNN) - Harland and Wolff, the Northern Ireland shipyard that built the Titanic, has been rescued from bankruptcy. A UK energy company, InfraStrata, said Tuesday that it had agreed to buy the 158-year-old Belfast shipyard and its assets for 6 million ($7.3 million). The shipyard, which completed the Titanic in 1912, has not built a ship since 2003 when it built two ferries. The United Kingdom's planned departure from the European Union poses a particular threat to Northern Ireland because of its close economic ties with Ireland, an EU member state.

The Titanic Quarter is a regeneration area on the original site of the Harland and Wolff shipyard - birthplace of RMS Titanic. (CNN) - Harland and Wolff, the 158-year-old shipyard in Northern Ireland that built the Titanic, is preparing for bankruptcy. The shipyard completed the Titanic in 1912, shortly before its inaugural voyage in April of that year. The company was still successful even after the Titanic disaster and the World War I sinking of the Britannic. That company, now known as Dolphin Drilling, itself filed for bankruptcy earlier this year and put Harland and Wolff up for sale.