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$XAU Near acquisition of an 80% stake in German shipbuilder Meyer Werft

Swiss shipping group MSC is close to securing the right to acquire an approximately 80% stake in German shipbuilder Meyer Werft, with an agreement potentially set to be signed next week, German magazine Der Spiegel reported on Saturday.

The proposed deal includes the stakes currently held by the German federal government and the state of Lower Saxony, which jointly rescued the company at the end of 2024.

The two parties acquired stakes of approximately 40% each at the time, injecting a combined €400 million ($441 million) in equity to support the company’s financial position, according to the report.
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