Germany hammered out a deal that offers a potential lifeline for struggling shipbuilder Meyer Werft GmbH, the privately-held company that recently won a follow-on contract to supply vessels for Disney Cruise Line’s fleet.
The federal government will acquire a 40% stake in Meyer Werft along with “a stake of the same amount by the state of Lower Saxony,” according to Economy Ministry officials.
The financing for the federal government amounts to around €200 million ($222 million).
Full story Germany Agrees To Rescue Cruise Ship Builder Meyer Werft
Tags: Meyer Werft
Source: Latecruisenews.com