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.