France Confirms Fincantieri-STX Shipyard Deal

By Crispian Balmer ROME, Aug 1 (Reuters) - France hopes Italian shipbuilder Fincantieri's takeover of STX France will be wrapped up soon, French Finance Minister Bruno Le Maire said on Wednesday, but sounded a more cautious note on any defence naval merger. Speaking in Rome after meeting two Italian ministers, Le Maire said France had not changed its position on the STX … [Read more...]

STX France Delivers World’s Largest Cruise Ship to Royal Caribbean

The world’s largest cruise ship was delivered to Royal Caribbean International on Friday by STX France at their Saint-Nazaire, France. Symphony of the Seas, Royal Caribbean’s fourth Oasis-class vessel, is 228,081 gross registered tons and measures 362 meters long by 66 meters wide and 70 meters high.  The vessel has capacity for 6,800 passengers and 2,000 crew in … [Read more...]

Italy’s Fincantieri to Take Control of France’s STX, Ending Shipyard Row

By Giselda Vagnoni LYON, France, Sept 27 (Reuters) - Italian shipbuilder Fincantieri will take effective control of STX France under a shared ownership agreement, the office of French President Emmanuel Macron said on Wednesday, ending a dispute that had soured bilateral ties. France angered Italy in July by ordering a "temporary" nationalization of STX, canceling a deal in … [Read more...]

France, Italy Said to Be Near Deal Over STX Shipyard

By John Follain and Helene Fouquet (Bloomberg) -- French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni are close to an accord that would give Fincantieri SpA majority control of the French shipyard STX, ending a diplomatic dispute between the two countries. According to Italian and French officials, the two leaders could sign the deal at a bilateral … [Read more...]

France, Italy Want Solution for STX Shipyard by End September

By Gwénaëlle Barzic and Giulia Segreti ROME/MILAN, Aug 1 (Reuters) - France and Italy want to find a solution for Italian shipbuilder Fincantieri's blocked takeover bid for STX France shipyards by Sept. 27, French Finance Minister Bruno Le Maire said on Tuesday. French President Emmanuel Macron angered Rome by ordering STX's "temporary" nationalisation last month, cancelling … [Read more...]