Italy’s Fincantieri has signed a purchase agreement to acquire a nearly 67 percent share of shipbuilder STX France for $89 million, Fincantieri said on May 19.The price of $89 million will be paid through available financial resources to current majority shareholder STX Europe AS. The remaining balance of shares is held by the French state. While the acquisition is pending, Fincantieri is continuing to negotiate with France for the finalization of the shareholders’ agreement for STX France in accordance with an April 12 Heads of…
Fincantieri Signed Agreement To Acquire Shipbuilder STX France
By
Rich Abott
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