Morgen says his priorities include finding buyers for the shipyards under MV Werften and the Global Dream vessel. He’s optimistic a deal will be struck before or by summer, when the shipyard in Wismar, Germany that’s building the mega Global Dream runs out of money. The fully financed plan detailed how MV Werften would pay all its creditors in the liquidation process, and the plan had been analysed by an independent auditor. “MV Werften planned to finish construction of the vessel, repay all debt, repay the state and have some equity value left,” said Morgen. Habeck said Monday that the government would be willing to subsidise the final construction of the Global Dream with a “new reliable investor”.


Source:   The Edge Markets
February 18, 2022 17:30 UTC