Yonhap, South Korea’s official newswire, is reporting an unnamed British investment fund has submitted a letter of intent to a court in Seoul to buy STX Offshore & Shipbuilding and its yard in France.
The fund, whose investments include a number of cruise-related businesses, has reportedly tabled a $852m bid to take the Korean yard as well as a 66.7% stake in STX France.
All bids for the STX yards have to be submitted in a fortnight’s time.
Last week, a Seoul court approved a plan to resuscitate the yard after which senior management has set about rousing the sales and marketing team to pitch for new orders having had a very barren 2016 to date.
Dutch firm Damen and Italy’s Fincantieri have been linked with taking over cruiseship builder STX France in recent months.
