From left: Giuseppe Bono, CEO of Fincantieri; Martin Vial, Commissario of APE; and Christophe Sirugue, Segretario di Stato del Governo francese per l’IndustriaFincantieri announced that it signed a deal with the French State, represented by the Agence des Participations de l'Etat (APE), in regards to its buy-in of the STX France shipyard.

The agreement, which is a key element for the finalization of the final agreements among future shareholders, also includes the guidelines of the business plan, shared with APE, prepared by Fincantieri for STX France.

Fincantieri is working with the Court of Seoul in order to finalize the acquisition of STX France as soon as possible, said a press release.