Shipbuilders combine

ITALIAN shipbuilder Fincantieri has announced the acquisition of a major shareholding in rival STX France, paying 79.5 million for a 66.66% stake in the French group. A heads of agreement was signed on 12 Apr for 48% of the firm (CW 13 Apr) but negotiations have seen this expanded to a majority stake. The companies have a combined order book of 41 ships, plus options, through to 2025.
The above snippet is the first part of an article sent to subscribers in Cruise Weekly's issue from 23 May 17

CLICK HERE to download Cruise Weekly from 23 May 17

Make a comment...

Register for Cruise Weekly trial subscription Established in 2008, Cruise Weekly is Australasia's favourite online cruising publication, and is sent as a free subscription to cruise lovers and the cruise industry as a PDF newsletter each Tuesday and Thursday.


Show Cruise Weekly items by month: