Fincantieri Signs for the Acquisition of STX France Majority Stake

By ,   May 19, 2017 ,   Cruise Industry

Fincantieri S.p.A. announced it had signed today a share purchase agreement for acquisition of 66.66% of STX France share capital from STX Europe AS, its current shareholder.

The agreement entails purchase price of EUR 79.5 million, to be paid via available financial resources. Transaction's closing will be subject to customary conditions for such kind of transactions.

Chantiers de l'Atlantique shipyard St Nazaire (STX France)

Fincantieri goes on to negotiate with the French State for finalization of shareholders’ agreement for STX France according the Heads of Terms signed on April 12, 2017.

Through their partnership, STX France and Fincantieri create a global leader in all sectors of the high-tech shipbuilding industry

The financial advisor that supports Fincantieri for the transaction is BNP Paribas.