The Asian company will invest EUR 17.5m ($20m) for a 50% ownership of the land and 70% of the new build business.
The stakes have been acquired from Ehlerding Beteiligung GmbH and BLG Logistics Group. However, Dieter Petram will remain a major shareholder.
As part of the deal Genting has the option to acquire the remaining 50% shares in the land and the 30% of the shipbuilding business from Petram for an additional EUR 16.4m.
