Damen and Fincantieri Linked with STX France Takeover

By ,   September 12, 2016 ,   Cruise Industry

France’s Le Monde identified Italy’s Fincantieri and Dutch firm Damen as potential buyers of STX France. The company is for sale as its South Korean parent, STX Offshore & Shipbuilding, fights for survival. The yard features a strong track record in cruise ship building.

STX France

Image: worldmaritimenews.com

Le Monde said, citing several sources:

“Two foreign candidates, Italy’s Fincantieri and Holland’s Damen are fighting over the last big French company of the (shipyard) sector".

On Wednesday, September 7, a French finance ministry source announced that two potential buyers had emerged for STX France. 

Another yard which used to be a key part of STX empire, STX Dalian (northeast China), failed to find a buyer despite auction attempts.