France Prevents Fincantieri’s STX Takeover

Image Courtesy: STX France

France has decided to refuse the proposal of Italian shipbuilder and ship designer Fincantieri to acquire the majority stake in STX France shipyard. 

By using its right of preemption, France will control 100% of STX France in the next few months.

The decision will give the country time for better negotiation and agreement, Bruno Le Maire, French Minister of Economy and Finance, tweeted on July 27.

However, the nationalization of the shipyard is temporary as the country does not intend to remain the sole shareholder, STX France said in a statement. France would set up in the long term a round table aimed at forming STX France’s new shareholder structure.

The country will continue to negotiate with Italian partners in the coming days, Le Maire added.

Specifically, France plans to offer Italy to expand shipbuilding cooperation into naval ships, Reuters reported citing Le Maire as saying.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
30 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 30 31 1 2 3

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >