DSME Eyeing STX France

DSME Eyeing STX France

South Korean Daewoo Shipbuilding & Marine Engineering (DSME) has confirmed its interest in buying a stake in a Saint Nazaire-headquartered shipbuilder STX France.

Reacting to recent speculations made in the French press, DSME said that it received the offer documents for the sale of the stake, but that no specifics had been agreed upon at the time.

DSME will most probably look to take over a stake in the cruise ship specialist currently held by Korea Development Bank (KDB), which is also a shareholder in DSME.

KDB became a shareholder in STX France through a series of debt-for-equity swaps after the shipbuilder’s parent company STX Group suffered financial difficulties starting in 2013.

STX Group’s offshore and shipbuilding arm went through restructuring during that period, which meant that all European shipyards were put up for sale. STX Finland was bought by Germany’s Meyer Werft in 2014.

Another major shareholder in STX France is the French government, which holds a 34% stake.

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >