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Fincantieri Signed Agreement To Acquire Shipbuilder STX France

Rich Abott By
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Fincantieri Signed Agreement To Acquire Shipbuilder STX France

Italy’s Fincantieri has signed a purchase agreement to acquire a nearly 67 percent share of shipbuilder STX France for $89 million, Fincantieri said last Friday.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…

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