Fincantieri Acquires STX France

Fincantieri Acquires STX France

With an investment of 79.5 million euros, the subsidiary of the CDP Group acquires the majority stake of the Saint-Nazaire shipyard

Trieste May 19, 2017

Fincantieri, a subsidiary of the CDP Group, acquired the majority of STX France from its current shareholder STX Europe AS.

With the €79.5 million transaction for the 66.66% stake, Fincantieri purchased the Saint-Nazaire shipyard, one of the most important ship construction sites in the world. With over 150 years of history, STX France is a global operator with important historical experience in design and construction of the most complex and innovative vessels.

Fincantieri, representing Italian excellence in shipbuilding with 20 factories in four continents, continues to grow in foreign markets, consolidating its role as key player in the sector. The new industrial partnership with STX France will enable the group to address all the high-tech sectors of naval mechanics, exploiting complementarity  skills between the companies.