Is the last shipyard in the French able to build an aircraft carrier of new generation in the case the government to assess the need. Now Saint-Nazaire is preparing to become an Italian. While the French Vivendi is climbing Mediaset (and is just below the threshold of Opa in Telecom) Fincantieri puts the hat on one of the most important poles dockyard in the world, in the region of the Loire.
The offer presented by the group led by Giuseppe Bono — controlled by Cassa Depositi e Prestiti, through the box Fintecna — was deemed “fair” by the district court of Seoul, which deals with the bankruptcy of STX Offshore&Shipbuilding. The offering of Fincantieri valorizzerebbe 66.7% of STX (over in pledge to the banks) in a fork between 100 and 200 million euros. The holding south Korean was the major shareholder of the shipyard overlooking the Atlantic Ocean, conquered by the germans during the second world war. But it has accumulated in recent years, increasing losses due to a non-accurate management for a global demand contraction. One-third of the shares still in the hands of the French government through the Caisse des dèpôts et consignations. And it is not excluded that it can retouch up on the participation agreement with Fincantieri redesigning the governance model.
In Paris have always frowned upon an alliance with Fincantieri, a world leader in the production of cruise ships. It would be a task of consolidation on a european scale to combat the asian competitors. Already scheduled to march in a bilateral meeting in Venice between François Hollande and the then Italian premier Matteo Renzi. On the other hand, the French have the right, however, provided for by the law on the companies strategic, to stop any operation detrimental to the national interests. And the yard of Saint-Nazaire is not only a pride in the cruise (from the plant just output the Harmony of the Seas commissioned by Royal Caribbean, the largest passenger vessel in the world). But it is also the crossroads of an important part of the military orders that arrive to France. As the production of portaelicotteri amphibious assault Mistral. Required by the russians, and then not sold in Moscow because of the embargo, the cris is in ukraine. Purchased instead from Egypt.
this is why it is unrealistic to assume that in the operation may be also involved in the military group of the French Dcns (with whom Fincantieri has a close collaboration, having developed the military programmes, Horizon and Fremm). Much less would be a fantascenario the hypothesis of an input in the share capital, with a small participation of Msc or Royal Caribbean. You will see.
Fincantieri has a business model that fits with the productions of Saint-Nazaire. Produces cruise ships, of a size more large for the effect of a question that asks ships can hold thousands of passengers. And in the military sphere is going of the range, as evidenced by the recent contract signed with the ministry of Defence of Qatar and the historic agreement of acquisition in the U.s. company Manitowoc (end of 2008). The group has managed to overcome the most critical phase after a painful restructuring (with a cut in the workforce of 20% decided in the business plan for 2012). Maintaining the eight sites in italy: Monfalcone, Marghera, Ancona and Genova Sestri (in the production of cruise ships), Muggiano at la Spezia, the shipyards of Riva Trigoso in genoa, Castellammare di Stabia (ferries) and Palermo (repair and transformation of ships).
January 3, 2017 (modified on 3 January 2017 | 21:40)
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