In 2015, Genting Hong Kong, a Hong-Kong based holding company whose brands had a total of 10 ships on order from Lloyd Werft at the time, purchased a majority stake in Lloyd Werft.[1] In 2016, Genting purchased the remaining 30% of Lloyd Werft,[2] as well as Nordic Yards' Wismar, Warnemunde, and Stralsund shipyards, and combined them to form the Lloyd Werft Group.[3]