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Fincantieri selected to take over STX France

Fincantieri selected to take over STX France

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Italian yard Fincantieri has been designated the preferred bidder for STX France by a court in South Korea handling the restructuring of STX Offshore & Shipbuilding.

No price has yet been agreed however for the 66.6% stake in the cruise shipbuilder. Damen Shipyards and France’s DCNS had also expressed interest in taking over the French unit, but it has emerged Fincantieri was the only party to have lodged an official bid for the Saint-Nazaire yard.

The French state owns the remaining stake in the yard.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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