A major bailout plan for the struggling Meyer Werft shipyard was finalized on Monday with stakeholders signing contracts that clear the way for a temporary state takeover of the shipbuilder. Last week, the budgetary committees of both the federal parliament in Berlin and the north-western state of Lower Saxony parliament in Hanover approved state aid to the company. “The shipyard’s future has thus been stabilized, and we are now firmly predicting that we will see positive development at the production sites,” Olaf Lies, economy minister for Lower Saxony, said on Monday after a meeting at compa…