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Published: 2017-05-31

Fincantieri eyes majority stake in STX France

Ports & terminals Fincantieri eyes majority stake in STX France

Photo: Fincantieri

The Italian shipyard has signed a EUR 79.5 mln share purchase agreement with STX Europe for the acquisition of 66.66% STX France’s share capital.

The closing of the transaction will be subject to customary conditions for this kind of transactions.

Based in Saint-Nazaire, the STX France shipbuilding yard employs approx. 2,600 people, and has a network of over 500 subcontractors.

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