Mainpage
Life&Culture

France, Italy reportedly reach a deal on STX France

Fincantieri Has Option to Force France to Buy Its Stake in STX-Source
Macron 'backs down' over shipyard sale
Author

27 September, 2017

The shipyard president and general manager will be Italian, but the board of the new group will be equally split between French and Italians.

Paris and Rome sought to end a diplomatic row with a deal for Italy's Fincantieri to take control of France's biggest shipyard.

They will also say that Fincantieri will take effective control of STX France under shared ownership, ending a dispute that has soured bilateral relations, an Italian government source said.

Paris has a right under the deal to demand back the 1 percent equity stake under certain circumstances, the source said.

The remaining stake would be in the French hands, mostly the government and the state-owned Naval Group.

In July, the French government signalled its intention to pause the project, whose cost is estimated at more than 25 billion euros (21.92 billion pounds), pending a review of France's overall infrastructure plans.

French Finance minister Bruno Le Maire told reporters Wednesday he hopes to be "on the path of a shipbuilding world giant".


More news


  • Violent crime in Rockford increases in 2016

    Violent crime in Rockford increases in 2016

    With violent crime in Sacramento rising at twice the national rate, there are additional questions about the impact of Gov. Compared to 2015, Durham saw a 2 percent increase in violent crime in 2016 and a 5 percent decrease in property crime.
    Hurricane Lee Becomes Fifth Major Storm of 2017

    Hurricane Lee Becomes Fifth Major Storm of 2017

    Meteorologists are now watching the progress of hurricanes Lee and Maria as they take curved tracks across the North Atlantic. A Storm Surge Watch is in effect for from Cape Lookout to Duck in North Carolina, according to the National Hurricane Centre.
    Golden Knights Make Debut At T-Mobile Arena

    Golden Knights Make Debut At T-Mobile Arena

    The Golden Knights posted a video of their ice crew imprinting the names of season ticket holders into the ice. The Kings took quick advantage when Alex Iafallo passed it to Laich, who put it past Pickard after two shots.

  • Evolent Health, Inc Class A (NYSE:EVH) Sees Significantly Higher Trading Volume

    In the most updated research from a number of analysts on Wall Street, the company gets 13 Buys and 0 Sell among 13 analysts. Baird set a $35.00 price target on Evolent Health and gave the company a "buy" rating in a report on Tuesday, August 8th.

    United Continental Holdings, Inc. (NYSE:UAL) Analyst's Long Term Pick

    Analysts have a consensus recommendation of 2.40 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. It improved, as 63 investors sold MU shares while 217 reduced holdings. 57 funds opened positions while 200 raised stakes.
    Madonna makes stand-up debut with Amy Schumer

    Madonna makes stand-up debut with Amy Schumer

    Schumer Instagrammed a photo , saying, "We'd like to thank [Comedy Cellar] for taking a chance on our new act". Madonna and Schumer have collaborated together in the past.
  • Men: Dark Phoenix Said To Be 2-Part Movie

    Men: Dark Phoenix Said To Be 2-Part Movie

    During an interview with Collider , Munn said that Apocalypse was "like a two-parter". "I don't know what I'm supposed to say". It's interesting 'cause you see how, when the director is also the writer and it's a passion project, everybody steps up.

    Volition suffer major layoffs following Agents of Mayhem release

    WWG has reached out to Deep Silver and Volition for comment and will update this story as more information becomes available. Exactly how Agents of Mayhem fared on the sales charts isn't known, but it's clearly not a big hit on the PC.
    LeSean McCoy to Jim Kelly: 'My respect for you hasn't changed'

    LeSean McCoy to Jim Kelly: 'My respect for you hasn't changed'

    And McDermott could not foresee the Bills not allowing Kelly to be on the sideline. "So I at this point don't see that changing". It's still very high.' He was a hell of a player and I respect him when I met him and even the relationship we've had so far.

  • Raytheon (NYSE:RTN) Given Media Sentiment Rating of 0.24

    The company reported $1.84 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.86 by $0.02. Shares for $1.73M were sold by Kennedy Thomas A on Monday, June 5. 3,029 shares were sold by RHOADS REBECCA R, worth $493,666.
    Netanyahu postpones settlement committee meeting at United States request

    Netanyahu postpones settlement committee meeting at United States request

    About 430,000 Israeli settlers live in the West Bank among 2.6 million Palestinians. Culture Minister Miri Regev was also at the ceremony.
    Adult Swim Mysteriously And Prematurely Ends Its Partnership With DOOM

    Adult Swim Mysteriously And Prematurely Ends Its Partnership With DOOM

    As Vulture points out, however, the series seemingly was bogged down by DOOM recycling songs that were hardly new to begin with. On every Tuesday since August 7, Adult Swim had delivered a track from the archives of DOOM (formerly known as MF DOOM ).