Independent journal on economy and transport policy
12:38 GMT+1
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After four years of negotiations here the agreement for the fusion of Universal Shipbuilding Corporation and IHI Marine United
The next 1° October will be put into effect
January 30, 2012
To four years from the start of negotiations for the fusion of the respective navalmeccaniche divisions, today Japanese groups JFE Holdings, Inc. and IHI Corporation have announced to have reached a preliminary agreement in order to put into effect the respective fusion of the branches Universal Shipbuilding Corporation and IHI Marine United Inc. (IHIMU) with the objective to make official it within the next summer and to put into effect it the next 1° October.
The preliminary understanding previews that JFE Holdings and IHI Corporation stop each 45.93% of the society been born from the fusion, while remaining 8.15% of the capital will be of property of the Japanese group Hitachi Zosen Corporation. This last one is partner in joint venture Universal Shipbuilding Corporation of the same JFE Holdings, in which the NKK Corporation is met (inforMARE on December 14, 2001). IHIMU instead is integrally controlled by IHI Corporation.
From operation JFE Holdings and IHI Corporation they preview to realize savings on the costs pairs to ten billions of yen (130 million dollars), without but resorting at the close to the cut of places of work or of ship yards.
In fiscal year 2010 finished on March 31, 2011 to the navalmeccaniche activities de group JFE Holdings they have totaled revenues for 210,8 billion yen (- 26.5% on the exercise precedence). In the fiscal year 2010 IHIMU have recorded revenues for 176,1 billion yen.
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
To four years from the start of negotiations for the fusion of the respective navalmeccaniche divisions, today Japanese groups JFE Holdings, Inc. and IHI Corporation have announced to have reached a preliminary agreement in order to put into effect the respective fusion of the branches Universal Shipbuilding Corporation and IHI Marine United Inc. (IHIMU) with the objective to make official it within the next summer and to put into effect it the next 1° October.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
