Independent journal on economy and transport policy
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South Korean DSME confirmation of having to the examination the possible acquisition of STX France
the operation would be promoted by the Korea Development Bank
May 12, 2015
the South Korean navalmeccanico group Daewoo Shipbuilding & Marine Engineering Co. (DSME) has confirmed today of having to the examination the possible acquisition of shipbuilding society STX France, specialized in the construction of ships from cruise.
the operation would re-enter in the plan of economic restructure of South Korean group STX Offshore & Shipbuilding Co. and it would be promoted by the Korea Development Bank (KDB), the investment bank of the South Korean State that possesses 48.15% of the capital of the STX Offshore & Shipbuilding Co. and that it stops also 31.5% of the capital of the DSME.
KDB presses for a long time so that the cession of the STX Europe, European navalmeccanico branch of group STX happens participated for two third party from the STX Offshore & Shipbuilding Co. and for a third party from the STX Engine Co. STX Europe stops 66.66% of the capital of the STX France, while remaining 33.4% are in the hands of the French State(of 18 August and 7 November 2008).
Ricordiamo that last year STX Europe has yielded the control of shipbuilding division Finnish STX Finland to Meyer Werft of the Meyer family, than the past week it has completed the acquisition of the entire capital of the company(of 4 August 2014).
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