Genting Hong Kong has completed the buyout of German yard Lloyd Werft. The Malaysian gaming and cruise giant exercised a call option to buy out the remaining shares it doesn’t already own in Lloyd Investitions and Lloyd Werft Bremerhaven.
Genting, whose subsidiaries include Star Cruises, said the acquisition will place the company in a better position to leverage on the technical know-how and expertise of the shipyard, allowing the company to expedite its business plans through timely and priority access to newbuilding slots at competitive pricing.
