German Chancellor Olaf Scholz visits the luxury shipbuilder Meyer Werft in Papenburg.REUTERS/Carmen Jaspersen

Germany Agrees to Save Cruise Ship Builder Meyer Werft Shipyard

Germany has finalized a deal to support Meyer Werft GmbH, a struggling shipyard tasked with supplying ships for Disney Cruise Line. The government’s 40 percent stake acquisition, along with Lower Saxony’s contribution, will provide financial relief. This agreement includes federal financing and guarantee for a credit line, showcasing a commitment to the company’s future.

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