Report: Fincantieri Emerges as Only Bidder for STX France

According to media reports, a sole bidder has emerged for a majority stake in STX France, and it is most likely Fincantieri.

Reuters reported a Korean court said “only one bid” had been received.

French maritime news outlet Mer et Marine said Fincantieri was the sole bidder for STX France, with a decision expected as soon as early 2017. Genting Hong Kong was said to no longer be involved with Fincantieri’s bid; and previous rumors of Damen Shipyard aligning with Royal Caribbean Cruises and MSC Cruises have not panned out either.

The French government, which owns a third of the yard, can also veto bids.

 

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