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MSC Nears 80% Meyer Deal
The German federal government and the state of Lower Saxony are nearing an agreement that would allow the MSC Group to acquire around 80% of German shipbuilder Meyer Werft, with the deal potentially to be signed on Tuesday, according to *Der Spiegel*. The federal government and the state each took an equal stake after rescuing the company in 2024 and injecting €400 million into it. The Meyer family owns the remaining 20% and is negotiating a joint-ownership arrangement that would allow it to increase its stake. The potential acquisition would give MSC a controlling interest in the shipbuilder, though several issues still need to be resolved, including debt, government guarantees, jobs, and continued service for the company’s customers.
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