Friday, May 19, 2017

Fincantieri Takes Majority Stake in STX France

Italian shipbuilder Fincantieri (one of the world's largest builders of cruise ships) signed the paperwork today to acquire another large builder of ships, STX Europe in Saint-Nazaire, France, formerly Chantiers D'Alantique.

The company agreed to purchase 66.66% of the STX Europe stock for 79.5 million euros, which will be paid in cash.

The complete story appeared in the May 19 edition of Cruise News Daily.