Photo credit: Meyer Werft
FRANKFURT, Nov 14 (Reuters) – The German government and regional state of Lower Saxony are nearing a deal that gives Geneva-based shipping group MSC the right to acquire about 80% of the shares in German shipbuilder Meyer Werft, Spiegel magazine reported on Saturday.
The majority stake in question stems from a state rescue by the federal government and Lower Saxony at the end of 2024, when each acquired around 40% and contributed a combined €400 million ($441 million) in equity.
Germany’s economy ministry said it would not comment on ongoing negotiations. MSC and Meyer Werft, which is based in Papenburg in Lower Saxony, did not immediately respond to requests for comment. The Meyer family could not immediately be reached.
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Spiegel said the Meyer family, which founded the company in 1795 and holds the remaining 20%, is working with MSC towards a form of joint ownership that would see the family increase its holding.
It reported that a deal would be signed next Tuesday, without specifying its sources.
Spiegel cited a spokesperson for the family as saying that “very constructive” talks were ongoing with all parties involved.
($1 = 0.9074 euros)
(Reporting by Ralf Banser and Ludwig Burger; Editing by Alexandra Hudson)
(c) Copyright Thomson Reuters 2026.
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MSC Mediterranean Shipping Co. is in talks to acquire the roughly 80% stake in German cruise-ship builder Meyer Werft GmbH held by the federal government and the state of Lower Saxony, according to people familiar with the matter.
German shipbuilder Meyer Werft has clinched an order worth €10 billion ($11.7 billion) through 2033 with Swiss cruise operator MSC Cruises, according to Economy Minister Katherina Reiche.
MSC has returned to Zhoushan Changhong International Shipyard for up to eight 21,700 teu LNG dual-fuelled ships, as the Swiss-Italian carrier consolidates its pole position among liner operators.
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