After the halt to the merger with Fincantieri, the French shipbuilder Chantiers de l'Atlantique, of which the State is the first shareholder with 84%, also says no to the offer of the founder of Bricorama
The operation is hanging by a thread: by 31 December Brussels is waiting for the documentation required to give the go-ahead to the Italian-French marriage, still on hold despite the agreement reached in 2018, due to doubts about competition. Fincantieri: "We can't do more".
Agreement reached between Italy and France on shipbuilding: 50% of the new hub will go to Fincantieri plus 1% on loan with right of return in case of non-compliance with commitments. Gentiloni and Macron satisfied: "Together we win". For an alliance…
The Lyon summit aims to sign peace between the two countries on shipbuilding and migrants but also to lay the foundations for a new phase in Europe after the disappointing German elections - The thorny issue on the table too…
Another step forward towards the pax naval between Italy and France which, in all probability, will be signed on 27 September at the Lyon summit between Gentiloni and Macron - We will move towards the merger of Fincantieri and Stx with…
CERNOBBIO, FORUM AMBROSETTI - The French Economy Minister spoke on the matter of the acquisition of Stx France by Fincantieri, announcing that the bilateral agreement with Padoan has been brought forward to 11 September, in Rome - "Our decision to exercise …
The president of Eni will participate as president of Business Europe in the working lunch with the French minister. The agreement with Fincantieri is also on the table
The fate of the French shipyards of Saint Nazaire will be at the center of the summit of 27 September between President Macron and Prime Minister Gentiloni: Fincantieri's cooperation not only in civil but also in military activities can…
In view of the summit between Gentiloni and Macron on 27 September, Italy and France are working to find an agreement that will give rise to a shipbuilding group active in both civil and military shipbuilding in which Fincantieri would…
Given that the French shipyards deal has long-term strategic relevance, it is not surprising that President Macron asks for a pause for reflection to understand who will govern in Italy, considering the Treasury's significant powers over Fincantieri - How did it happen…
The Italian irritation at the reversal of the French position on the Saint Nazaire shipyards is completely justified as is the firmness in rejecting the fifty-fifty solution which would not allow effective management of a complex business but there are at least…
"There is no way we accept 50%. It is a question of respect and dignity", with these words the number one of the Mise announces a tug of war with France after the announcement of the temporary nationalization of Stx - Tuesday…
Well before Giuseppe Bono, Fincantieri's number one, even Gianni Agnelli ran into Charles De Gaulle's veto in the 60s. Same fate for Vittorio Mincato (Eni) and for Fulvio Conti (Enel) who found the road to Suez blocked…
Nationalistic policies and thrusts clash with the prospects of a common Europe, relaunched above all by the new "liberal" premier Macron - It would be unacceptable as citizens and workers to think that common paths and rules are valid and applicable in one direction.
After Italy's No to the French proposal for an equal division, Paris, which already controls 33% of Stx, has chosen to exercise the pre-emption right on the rest of the capital which expires on Saturday. The announcement by Minister Bruno Le Maire…
The clash between Italy and France over the Saint Nazaire shipyards is heating up: ministers Padoan and Calenda have rejected the French offensive which would like to question control of the plant after the acquisition of 66,7% by Fincantieri but …
France claims fifty-fifty control of the Saint Nazaire shipyards but Italy does not give up on 51% even if it is willing to partially modify the agreement which awards the plant to Fincantieri which currently holds 66,7%. The Fincantieri stock…
According to the agreements defined in April, Fincantieri would rise to 48% of Stx France, the company that manages the shipyards on the Atlantic, leaving 33,3% and veto powers to the French state, as well as undertaking not to affect jobs -…
In the Atlantic shipyards of Saint-Nazaire, in which the Italian Fincantieri has recently become a shareholder, the French president attends the delivery of MSC Meraviglia, the largest and most capacious cruise ship ever built for a European shipowner.
The Italian company should acquire a stake of between 45 and 49 percent in Stx France - Paris remains in the capital with 33 percent - Dncs enters with a stake of between 11 and 14…
This, according to Le Monde, is the plan that the French government allegedly came up with on the sale of the historic shipyards of Saint-Nazaire, of which Paris currently holds 33,34%: the remainder, up to now in Korean hands STX through …
The negotiation that will see the Italian group enter the capital of Stx France, the company that manages the historic French shipyards, is officially about to unlock: Paris, which will keep its 34% stake, wants to prevent Fincantieri from having the…
The French government would be inclined to give the green light to the acquisition of Stx France, the company that manages the historic shipyards on the Atlantic coast, provided, however, that Fincantieri does not hold the majority.
Stalemate in the operation that should lead the Italian Fincantieri to take over 66,6% of the naval establishments of Saint Nazaire, in France - The French State, which holds the other third of the capital, has the right of veto and would like protect the interests…
The Italian naval group is ready to purchase 66,6% of the capital of Stx France, the transalpine company (until now controlled by the Koreans of Stx) which manages the historic facilities of Saint Nazaire, in north-western France.
66,6% of the company that manages the historic French shipyards is about to be acquired by the Italian Fincantieri, but the French state which holds 33,4% is ready to set its conditions, perhaps by including the participation of a transalpine group .
The Italian one is "the only group to have made an offer for the shipowning group Stx France", according to the Reuters agency which cites a source familiar with the matter - But the French state can still exercise the golden share.
