ITALIAN shipbuilder Fincantieri has announced the acquisition of a major shareholding in rival STX France, paying 79.5 million for a 66.66% stake in the French group. A heads of agreement was signed on 12 Apr for 48% of the firm (CW 13 Apr) but negotiations have seen this expanded to...
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ITALIAN shipbuilder Fincantieri has announced the acquisition of a major shareholding in rival STX France, paying 79.5 million for a 66.66% stake in the French group.
A heads of agreement was signed on 12 Apr for 48% of the firm (CW 13 Apr) but negotiations have seen this expanded to a majority stake.
The companies have a combined order book of 41 ships, plus options, through to 2025.
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