Fincantieri Signs Agreement for 50 Percent of STX France

Fincantieri today announced it has signed a share purchase agreement for the acquisition of 50 percent of the share capital of STX France from the French State, represented by the Agence des Participations de l’Etat (APE).

The agreement was valued at 59.7 million euro. 

The acquisition by Fincantieri is subject to the closing of the transaction between the French State and STX Europe and to customary conditions for this kind of transaction, according to a release. 

After the closing of the transaction, the shareholding structure of STX France will be the following:

– Fincantieri (Fincantieri Europe S.p.A.): 50.00% (an additional 1% will be borrowed from APE)
– French State (APE): 34.34% (of which 1% to be lent to Fincantieri)
– Naval Group: 10.00% (or 15.66% if the employee ownership plan or/and the participation of a group of local companies cannot be implemented at the same time)
– STX France employees: up to 2.40% 
– Local companies: up to 3.26%

 

Cruise Industry News Email Alerts

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

51 Ships | 109,838 Berths | $35 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Pre-Order Offer
  • Order Today