EUR 600 million in state aid for luxury ship requested | Casino billionaire lets German shipyards go bankrupt!
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He is one of the richest and most influential entrepreneurs in Southeast Asia: Lim Kok Thai (70), worth 2.5 billion euros, head of the Malaysian company Genting (operates, among others Cruise ships, casinos).
In 2016, Thai bought MV Werften, the operator of several shipyards in Mecklenburg-Western Pomerania. Now he is apparently letting the shipyards go bankrupt!
The management of MV Werften announced on Monday morning that it would file for bankruptcy, the 2000 Jobs are at risk.
The NDR . “A bitter day for all of us, but we have to look this fact in the eye,” it said in the internal communication on the announced bankruptcy petition.
Until recently, the federal government and the state of Mecklenburg-Western Pomerania had negotiated with Genting to prevent bankruptcy ( BILD reported ). Finance Minister Christian Lindner (43, FDP) and Economics Minister Robert Habeck (52, Greens) were ready to give a total of 600 million euros (including as a loan). Many shipyard workers would have been able to keep their jobs until autumn at least.
But the condition for this would have been that Genting would have paid back the 600 million euros to the federal government even after a shipyard bankruptcy. And: Lim Kok Thai’s company was supposed to participate with a further 60 million euros – but they didn’t want to!
Genting sees the Bund on the train for the rescue of the shipyards. “To drop the shipyards now would be the biggest economic mistake the federal government could make,” said Genting President Colin Au on Sunday in Wismar.
Background: The business of MV Werften has been going bad for a long time, the pandemic plunged the industry into a deep crisis. Genting is therefore demanding help from the state to complete the luxury cruise ship “Global 1”.
The 1900 employees have been suffering from the financial difficulties of the shipyards for a long time: they were last Wages not paid, as reported by the NDR .
In the afternoon, the country’s finance committee will hold a special meeting to discuss how things will proceed now.
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