NIB joins a financing facility for Finnish shipyard company Meyer Turku Oy
The Nordic Investment Bank (NIB) has joined a financing facility for the Finnish shipyard company Meyer Turku Oy (Meyer) with a EUR 100 million participation. The facility will finance the construction of two cruise ships. The financing facility lead by Commerzbank AG has a tenor not exceeding two years. NIB´s participation in the facility will support the company’s recovery process. The shipyard in Turku is important for the Finnish marine cluster directly and indirectly through subcontractors. The pandemic had a major impact on the cruise industry, resulting in almost 75% decrease