FINCANTIERI has sealed the deal for its acquisition of 50% of the share capital of STX France, signing an agreement for 59.7 million (AU$93.7m). In Apr last year (CW 13 Apr) Fincantieri signed a deal for a 48% stake in the company, which in May was increased to 66.66% (CW...
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FINCANTIERI has sealed the deal for its acquisition of 50% of the share capital of STX France, signing an agreement for 59.7 million (AU$93.7m).
In Apr last year (CW 13 Apr) Fincantieri signed a deal for a 48% stake in the company, which in May was increased to 66.66% (CW 23 May).
In Aug French President Emmanuel Macron nationalised the country’s biggest shipyard, an STX facility at St Nazaire to prevent its takeover (CW 03 Aug).
The French State owns 34.4% and will lend Fincantieri 1%, giving the group 51%.
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