FILE PHOTO: A ship builder works on a section of the Oasis Class 3 cruise ship under construction at the STX Les Chantiers de l’Atlantique shipyard site in Saint-Nazaire, France, February 17, 2015. REUTERS/Stephane Mahe/File Photo
By Emmanuel Jarry
PARIS, Jan 11 (Reuters) – A bid by Italian shipbuilder Fincantieri for STX France is likely to be signed formally around Feb. 15 with the deal finalised in April, French industry minister Christophe Sirugue told Reuters on Wednesday.
“Signature will probably be around February 15, with the closing probably in April,” Sirugue told Reuters in an interview.
The sale of STX France, which specialises in building cruise ships at the Saint-Nazaire shipyard and is profitable, forms part of a broader sell-off of businesses following the demise of the South Korean STX shipbuilding group.
The French state has and aims to keep its 33 percent stake with blocking rights in STX France, which Fincantieri is interested in to gain a foothold in the cruise shipbuilding market.
The head of French state-controlled military shipbuilder DCNS also said last week it was “very likely” that DCNS – in which Thales has a minority stake – would enter into the capital of STX France.
“What is needed is for us to keep our 33 percent, it’s imperative since it gives us minority blocking rights,” said Sirugue.
“We shall see what DCNS ends up doing….what is clear is that DCNS, together with the 33 percent held by the state, will not end up with a 50 percent stake,” added the minister. (Reporting by Emmanuel Jarry; Writing by Sudip Kar-Gupta; Editing by Leigh Thomas)
ROME (Reuters) – An Italian judge on Friday cleared three migrant sea rescue charities that had been accused of abetting irregular immigration in complicity with human traffickers, throwing out a case opened...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
April 18, 2024
Total Views: 1489
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.