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New Owners for STX France Shipyard?

  • September 8, 2016

With an impressive orderbook stretching through 2026, STX France could be sold in the near future as French media reports claim there are two bidders vying for the facility in Saint-Nazaire.

STX Offshore and Shipbuilding, the majority shareholder in the yard, has already exited its position in Meyer Turku (formerly STX Finland) and has known to be looking to get out of the cruise ship building business.

French sources said two buyers have come forward, but no agreement has been reached. The French government owns a minority interest in the shipyard and can veto a sale.

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