BERLIN, Aug 22 (Reuters) - The German government plans
to take a temporary majority stake in Meyer Werft, one of the
world's top cruise ship builders, as part of measures to support
the company, sources familiar with the matter told Reuters on
Thursday.
Chancellor Olaf Scholz and members of the state government
in Lower Saxony are expected to convey this message at a meeting
with staff later Thursday, the sources said.
The company has orders in the pipeline, including from U.S.
entertainment group Disney ( DIS ), but needs to raise almost
2.8 billion euros ($3.12 billion) in order to help finance the
construction of its luxury liners.
Scholz's government, the state and the family owners of the
company have agreed in principle and set out the key points of
the arrangement, according to the sources.
The federal and state governments want to contribute 400
million euros in equity, secure bank loans with guarantees and
temporarily take over at least 80% of the shipyard, they said.
The federal government did not comment specifically on the
matter and spoke only of ongoing talks. A spokesman for the
economy ministry of Lower Saxony declined to comment.
($1 = 0.8976 euros)