Germany Agrees to Bail Out the Meyer Werft Shipyard

Germany has thrown a lifeline to Meyer Werft GmbH, the privately held company best known for constructing vessels for the Disney Cruise Line fleet. Yesterday, the federal government announced it would acquire a 40% stake in Meyer Werf, as will the state of Lower Saxony. According to Economy Ministry officials via Bloomberg , the financing from the federal government will total $222...

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