Berlin and the state of Lower Saxony are close to agreeing on terms that would let Geneva-based shipping group MSC buy roughly 80% of Meyer Werft, the German shipbuilder.
That holding originates from the late-2024 bailout, in which the federal government and Lower Saxony each took about 40% and together injected €400 million (around $441 million) in equity.
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Germany’s economy ministry declined to comment on the talks while they are underway. MSC and Meyer Werft, headquartered in Papenburg in Lower Saxony, had not yet replied to requests for comment, and the Meyer family was not immediately reachable.
The Meyer family, which established the company in 1795 and still owns the other 20%, is working with MSC on a joint-ownership arrangement that would let the family raise its stake.
Signing is expected next Tuesday. A family spokesperson said that discussions with all parties were proceeding in a “very constructive” way.
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