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State support approved for MEYER WERFT

06.11.2024

Bundeskanzler Olaf Scholz und der niedersächsische Ministerpräsident Stephan Weil mit Verantwortlichen der Meyer Werft.

PAPENBURG. During their visit to MEYER WERFT in September, Chancellor Olaf Scholz and Lower Saxony’s Minister President Stephan Weil reiterated their intention to support the company as part of a restructuring and future concept. A few days later, the German Bundestag and the state parliament of Lower Saxony approved a rescue package that includes the purchase of 80.7 per cent of company shares for 400 million euros as well as sureties for debts amounting to two billion euros. The package should last until late 2027 / early 2028.

Credits: Meyer Werft

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