PARIS, Oct 10 (Reuters)– The French federal government claimed on Monday it was not preparing to take a bulk risk in the French subsidiary of having a hard time South Korean shipyard team STX Corp however that it would certainly keep its minority obstructing risk and also anticipated a say in any type of possession modification.

The federal government’s setting on STX France was defined in a declaration by the money ministry after the Liberation paper claimed the federal government may take a bulk risk.

The French state holds a 33 percent minority risk in STX France, which runs marine shipyards in Saint-Nazaire on the west coastline. Loss- making STX Corp remains in management.

One problem of value from France’s viewpoint is the shipyard in Saint-Nazaire, which is a large regional company with a healthy and balanced order-book for structure of cruise ship linings.

“The government’s objective is not to become majority holder in STX France but rather to influence the decision on who takes over the Saint-Nazaire yard so that it can count on a solid industrial shareholder structure to accompany is long-term development,” the money ministry declaration claimed.

Dutch team Damen shipyards and also Italian team Fincantieri are amongst possible purchasers that have actually arised for STXFrance Local authorities nonetheless just recently claimed they opposed Fincantieri’s candidateship as they feared it may move to Italy component of STX’s work. (Reporting By Brian Love, Dominique Vidalon; Editing by Ingrid Melander)

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