Business · Companies · 6 hrs ago
MSC may gain the right to buy 80% of Meyer Werft
MSC may get the right to buy about 80% of Meyer Werft under an agreement expected to be signed next Tuesday.
The shipyard, based in Papenburg in Germany’s Emsland region, is one of the country’s last major builders of cruise ships.
The German federal government and Lower Saxony took an 80% stake in 2024, investing €400 million and backing billions of euros in bank loans as the yard faced financial trouble.
The state had planned to leave after the shipyard’s restructuring ended in late 2027 or early 2028, so the reported deal would speed up its exit.
The Meyer family wants to remain an owner alongside MSC and may hold more than its current roughly 20% stake.
Lower Saxony has not said whether it will sign next Tuesday, and the deal would give MSC a purchase right rather than confirm that the sale has been completed.
MSC may receive the right to buy around 80 percent of Meyer Werft under an agreement reported to be planned for Tuesday.
The German federal government and Lower Saxony took control of around 80 percent of the shipyard in September 2024.
The reported sale would transfer the state-held stake to MSC earlier than the end of the shipyard’s planned restructuring.
The Meyer family, which owns about 20 percent, wants to remain a co-owner with MSC.
Lower Saxony has not said whether it will sign the planned agreement.
- Who
- MSC, the German federal government and Lower Saxony are involved. The Meyer family is also a shareholder.
- What
- MSC may receive the right to buy around 80 percent of Meyer Werft.
- When
- The agreement is reportedly due to be signed on Tuesday. The articles do not state the date.
- Where
- Meyer Werft is in Papenburg, Lower Saxony, Germany.
- Why
- The reported agreement would allow the state to exit its ownership earlier than planned.
This story does not have two clearly opposing sides.
The federal government and Lower Saxony invested €400 million in Meyer Werft and took around 80 percent ownership.
The federal government, Lower Saxony and MSC are reported to plan to sign an agreement granting MSC the right to buy around 80 percent of the shipyard.
- Potential buyer
- MSC
- Potential stake
- Around 80 percent
- Shipyard location
- Papenburg, Lower Saxony
- State investment
- €400 million in September 2024
- Meyer family stake
- About 20 percent
- Planned state exit
- End of 2027 or beginning of 2028
5 sources
Meyer-Werft in Papenburg steht wohl kurz vor Verkauf an weltgrößte Reederei
Schiffbau: Staat steht offenbar vor Ausstieg aus Meyer Werft
Reedereikonzern: MSC steht wohl kurz vor Kauf der Meyer Werft
Staat steigt aus: Weltgrößte Reederei MSC will offenbar Meyer Werft kaufen
Reederei MSC steht vor Kauf der Meyer Werft
What people are saying
the talks are proceeding with all parties very constructively
the talks are proceeding with all parties very constructively