Fincantieri Given Preffered Bidder Status For Potential Takeover Of STX France

South Korean courts have approved Fincantieri as ‘preferred bidders’ for the takeover of French shipyard, STX France.

The Italian group will hold a two thirds stake in STX France with the French Government retaining a 33% stake in the yard if the takeover is completed.

It is somewhat a move of intent for Fincantieri with order books ready to swell with the proposed aquisition of the French shipyard.  If the move is completed, 38 of the 73 cruise ships on order will take place in Fincantieri shipyards.

 

 

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