Fincantieri acquires majority stake in STX France, Naval Group holds minority

Fincantieri acquired an effective 51% stake in STX France (now Chantiers de l'Atlantique), with Naval Group holding a 10% share. The two companies plan to form a joint venture under the 'Poseidon' project to reinforce naval cooperation.

“Naval Group and Italy’s Fincantieri became partners following the Italian firm’s purchase of shipbuilder STX France.”dsm.forecastinternational.com

• 1 source
• dsm.forecastinternational.comFrance's Naval Group On Track for a Great Year - Defense Security MonitorRichard PettiboneSep 26, 2019

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