Friday, February 2, 2018

Fincantieri Finalizing Purchase of STX France Stake

After one false start, Fincantieri and the French government seem to have again settled on a plan for Fincantieri to purchase half of STX France. The previous agreement was nixed by the Macron government using the government's veto when it came to power fearing too much control of a major French asset and employer by the Italian shipbuilder.

The new agreement provides for Fincantieri to purchase exactly 50% of STX France from the French government for 59.7 million euros.

The complete story appeared in the February 2 edition of Cruise News Daily.