The French government on Thursday
gave its green light to Italian shipbuilding giant Fincantieri
taking over the STX France shipyards at Saint-Nazaire.
The Italian group will become a relative-majority shareholder
with around 48% of shares for eight years, Industry Secretary
Christophe Sirugue said.
"Fincantieri has presented an ambitious plan for the
Saint-Nazaire shipyards," he said, saying "it aims to strengthen
the yards in their core business and also the diversification of
maritime energies".
It also pledged not to cut jobs over the next five years,
Sirugue said.
Also taking part in the operation is Fondazione CrTrieste
with a stake of 5-6%, while the French State will keep just over
33%. The FRench group DCNS may take up a 12% stake, Sirugue
said.
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