Independent journal on economy and transport policy
13:32 GMT+1
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Signed the heads of terms for the acquisition of the control of STX France by Fincantieri
the agreement includes the lines guides of the prepared industrial plan from the Italian company for the French group
April 13, 2017
Little more than a month from the reached preliminary agreement from Fincantieri for the acquisition of the control of shipbuilding society STX France ( on 7 April 2017), the Italian navalmeccanico group and the government of Paris have confirmed to have last month signed the heads yesterday of terms announced, "agreement - it has specified Fincantieri - that constitutes a fundamental element for the improvement of the definitive agreements between the future shareholders" and that "includes also the lines guides of the prepared industrial plan from Fincantieri for STX France". Slowly industrial - it has specified the Italian company - that "it is shared with the BEE", Agence DES Participations de the Etat that has undersigned on behalf the understanding of the French State, that it possesses a quota 33.34% in STX France.
Confirming that after various months of intense negotiations the government has reached an agreement with Fincantieri, the secretary of state of the Economy and finances of Paris, Christophe Sirugue, has emphasized that the French executive has made its part.
Fincantieri, that which preferential offerer is selected in order to acquire 66.66% of the capital of STX France stopped from the STX Offshore & Shipbuilding Co. South Korean, has moreover remembered that it is working with the court of Seul in order to finalize the how much more quickly possible acquisition of STX France.
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