Fincantieri’s Bid for STX France Approved by South Korea
Fincantieri’s bid for a majority stake in STX France has been approved as the preferred bidder by the South Korean courts. The French government will keep a 33 percent stake in the yard if the buyout moves forward, while Fincantieri will become the majority owner at two thirds, and was reported to be the only bidder. (cruiseindustrynews.com)
