Independent journal on economy and transport policy
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Undersigned the agreement for the cession of 66.66% of the capital of STX France to Fincantieri
the quota will be yielded by STX Europe for 79,5 million euros
May 19, 2017
Today Fincantieri has signed the buying and selling agreement for the acquisition of 66.66% of the capital of shipbuilding society French STX France from its current shareholder STX Europe. The agreement previews a purchase price for the quota object of the operation of 79,5 million euros, figure that the Italian navalmeccanico group has announced will pay through resources financial institutions available.
Moreover Fincantieri has remembered that on the base of the Heads of signed Terms on 12 April they continue the negotiations between Fincantieri and the French State, that stops remaining 33.4% of the capital of the transalpine shipbuilding society, in order to finalize the agreements of governance between the future shareholders of STX France.
Fincantieri has emphasized that, with beyond 150 years of history, STX France he is a total operator in the naval section and that, with center to Saint-Nazaire, on the French Atlantic coast, the group numbers one of the most modern yards to the world and a great experience in the planning and construction of the more complex and innovative ships. STX France has about 2.600 dependent and a net of beyond 500 suppliers. In 2016 it has generated revenues for about 1,4 billion euros.
The Italian group has evidenced that, "through this partnership industrial, Fincantieri and STX France a total leader in all the fields to high technology of the navalmeccanica will create. The perfect complementariness of the crocieristiche activities and the produced ones of Fincantieri and STX France, in fact - it has found Fincantieri - would allow with the two societies to serve all the final customers and markets, generating value not only for the shareholders, but also for the dependent and the respective Networks of suppliers".
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Today Fincantieri has signed the buying and selling agreement for the acquisition of 66.66% of the capital of shipbuilding society French STX France from its current shareholder STX Europe. The agreement previews a purchase price for the quota object of the operation of 79,5 million euros, figure that the Italian navalmeccanico group has announced will pay through resources financial institutions available.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
