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MSC Nears Deal to Acquire 80% Stake in Meyer Werft, Spiegel Reports

The German government and Lower Saxony are nearing a deal giving Geneva-based shipping group MSC the right to acquire about 80% of the German shipbuilder's shares, Spiegel reported.

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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 th…

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