noz
Meyer Werft: Preparations for withdrawal from Luxembourg have begun
Economy
Finance
The Meyer Werft is not yet saved from bankruptcy. However, there are changes in the company structure. The future holding company of the Meyer Group has moved.
2024-08-21 14:59:08
Business
Economy
Government
Meyer Werft apparently saved - Chancellor Scholz is coming to Papenburg
Image used under license from Shutterstock.com
The federal and state governments are taking over 80-90% majority shares in Meyer Werft, while the Meyer family retains a seat on the supervisory board and the right of repurchase. The shipyards in Papenburg, Rostock, and Turku will be merged into a European holding company.
Despite facing financial difficulties, the shipyard has received a new order from Disney Cruise Line. However, the shipyard needs money by mid-September to be able to pay wages.
Chancellor Scholz is convinced of the future viability of the Papenburg shipbuilder and will be visiting the company. The rescue plan, which includes a 900 million euro investment from the federal and state governments, is expected to be announced soon.
The plan involves increasing the company's capital by 400 million euro and providing guarantees for loans of 2.8 billion euro until 2027. The solution still needs approval from the Budget Committee of the Bundestag and the EU Commission.
The shipyard, known for its cruise ships, currently employs around 3,300 people and is facing challenges due to rising energy and raw material prices.
Related news on that topic:
The press radar on this topic:
noz
Rescue plan for Meyer Werft stands - Chancellor Olaf Scholz expected in Papenburg
Economy
Politics
The plan to rescue the Meyer Werft in Papenburg is in place. According to information from our editorial team, the Federal Chancellor wants to visit the crisis-hit company on Thursday.
n-tv.de
Federal and State Governments Step In: Rescue of Meyer Shipyard to Be Announced Tomorrow - n-tv.de
Economy
Politics
Finance
The federal and state governments are rescuing the Meyer Shipyard with hundreds of millions of euros; participation in the capital increase; guarantees for loans; the decision is not yet final, but there is a willingness to rescue; the shipyard employs 3,300 employees and is suffering from rising energy and raw material prices; the Chancellor, Minister-President and Economics Minister will speak at the company meeting; the order book is full, but the money will run out in a few weeks; a solution..
gmx
Chancellor visits Meyer Shipyard - Rescue plan in sight
Economy
Politics
Chancellor Olaf Scholz, Lower Saxony's Prime Minister Stephan Weil and the Lower Saxony Minister of Economics Olaf Lies visit the Meyer Shipyard. A rescue of the company is in sight, with the participation of the federal and state governments.
Welcome!
infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand