Heads of Terms for STX France Signed Between Fincantieri and French State
(Source: Fincantieri; issued April 12, 2017)
TRIESTE, Italy --- Fincantieri S.p.A. announces that it signed today with the French State, represented by the Agence des Participations de l'Etat (APE), the Heads of Terms announced on April 6, 2017.

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.

Headquartered in Trieste (Italy), the Fincantieri 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 today 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.


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