Fincantieri signs the Heads of Terms with the French State
Fincantieri S.p.A. has signed with the French State, represented by the Agence des Participations del'Etat (APE), the Heads of Terms announced on April 6, 2017, the company said in its press release.
The agreement, which is a key element for the finalization of the final agreements among future shareholders, also includes the guidelines of the business plan, shared with APE, prepared by Fincantieri for STX France.
Fincantieri is working with the Court of Seoul in order to finalize the acquisition of STX France as soon as possible.
Fincantieri is one of the world’s largest shipbuilding groups and number one by diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high - tech shipbuilding industry’s sectors, from naval to offshore vessels, from high - complexity special vessels and ferries to mega - yachts, ship repairs and conversions, systems and components production and after - sales services. Headquartered in Trieste (Italy), the Group has built more than 7,000 vessels in over 230 years of maritime history. With almost 19,200 employees, of whom more than 7,900 in Italy, 20 shipyards in 4 continents, Fincantieri is the leading Western shipbuilder. It has among its clients the major cruise operators, the Italian and the U.S. Navy, in addition to several foreign navies, and it is partner of some of the main European defense companies within supranational programmes.
