Federal Republic of Germany and State Of Lower Saxony completed the acquisition of a 80% stake in MEYER WERFT for €400m.

Federal Republic of Germany and State of Lower Saxony, a national and regional government of Germany, completed the acquisition of an 80% stake in MEYER WERFT, a designer and builder of cruise ships, river cruise ships, and ferries, for €400m. ''We are confident that together we will emerge stronger from this crisis and maintain our position as one of the leading companies in international shipbuilding. We would like to thank our employees, partners, and customers for the trust they have placed in us and for their support in these challenging times,'' Bernd Eikens, Meyer Werft CEO.