Fincantieri Closer to Acquiring STX France

After a series of negotiations, the French government said today they will approve Italian shipbuilder Fincantieri buying up to a 48% stake in STX France which has been for sale (subject to French approval) since the Korean-based STX entered bankruptcy.

After early interest from a number of potential buyers, Fincantieri was the only actual bidder.

The complete story appeared in the April 6 edition of Cruise News Daily.