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Deutschland's administrator optimistic after talks with potential investors

Deutschland's administrator optimistic after talks with potential investors

The administrator handling the insolvency of MS Deutschland Beteiligungsgesellschaft, the operating company of cruise ship Deutschland confirmed work is underway to secure the company’s long-term viability.

Administrator Reinhold Schmid-Sperber said he was optimistic following the first negotiations with potential investors. Alternatively, the ship and company could also be sold to a buyer he remarked.

The situation was explained to the ship’s crew at a meeting held onboard last weekend. Their wages have been secured by the German Federal Employment Agency until next January.

The ship is currently sailing its last itinerary prior to a long-scheduled drydocking and overhaul later this month.

MS Deutschland Beteiligungsgesellschaft mbH is  undergoing regular insolvency proceedings following the granting of an application submitted to  the Eutin District Court.

Schmid-Sperber, Kiel-based attorney of the Reimer Rechtsanwälte law firm, has been appointed administrator while Wolfram Günther continues as managing director.

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