PARIS, April 6 Italian shipbuilder Fincantieri
has reached a preliminary deal to buy a stake of
between 45 to 49 percent in French rival STX France, Le Monde
newspaper reported on Thursday, citing sources with knowledge of
The French government, which had been reluctant to see
state-controlled Fincantieri alone hold more than 50 percent in
the STX France shipyards, had considered nationalising them but
had now discarded this option, Le Monde said.
A privately-held Italian banking foundation will hold
another 10 percent of STX France, the newspaper added, while the
French state will retain a 33 percent holding and French
military shipbuilder DCNS could also get 10 percent.
STX France specialises in building cruise ships at its
former naval yard at Saint-Nazaire, and its sale forms part of a
broader disposal of businesses following the demise of South
Korea's STX shipbuilding group.
The French industry ministry, which is due to hold a news
conference on the matter later on Thursday, declined to comment.
(Reporting by Sarah White and Myriam Rivet; Editing by Sudip