# 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.

- Type: Acquisition
- Announced: 2019-09-26
- Where: France
- Status: completed
- Products: shipbuilding
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Fincantieri](https://endata.com/companies/1689.md) (acquirer)
- [Naval Group](https://endata.com/companies/11418.md) (investor)
- [Chantiers de l'Atlantique](https://endata.com/companies/42333.md) (target)

## Sources

- [dsm.forecastinternational.com](https://dsm.forecastinternational.com/2019/09/26/frances-naval-group-on-track-for-a-great-year/), 2019-09-26: "Naval Group and Italy’s Fincantieri became partners following the Italian firm’s purchase of shipbuilder STX France."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.