Genting Hong Kong to acquire Lloyd Werft shipyard

Under the terms of the agreement, Genting Hong Kong will complete the acquisition subject to the fulfilment of certain final purchase conditions.
Lloyd Werft’s board members Rüdiger Pallentin, Carsten J. Haake and Dirk Petersjohann said they appreciated Genting’s decision to acquire Lloyd Werft and their future newbuilding plans to expand the Crystal cruise line.
“We will use all of our experience and know-how to serve Genting as their loyal and competent partner in building the cruise ships for Crystal Cruises. We are proud to become a family member of the Genting Hong Kong”, said Rüdiger Pallentin.

Genting Hong Kong, a leading global leisure, entertainment and hospitality enterprise, has entered into an agreement to acquire Lloyd Werft, a shipyard in Bremerhaven, Germany, in a deal that will see the company invest EUR 17.5 million for a 50% ownership of the land and 70% of the newbuilding business.

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