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Fincantieri acquires 51% of the SNX shipyard in Saint-Nazaire

Rome, September 28, 2017 – At a French-Italian summit meeting held yesterday in Lion a deal was struck on the acquisition by Fincantieri of the STX shipyard based in Saint-Nazaire. The deal, which is part of a broader agreement between Italy and France aimed at strengthening cooperation in the civil and military shipbuilding industry, gives Fincantieri a 51% stake in STX. STX's Chairman and CEO will be appointed by the Italian company. The document published below is the text of the agreement that was reached yesterday.