Two Buyers Eyeing Struggling STX France -Sources
NANTES, France Sept 7 (Reuters)– Two possible customers have actually arised for STX France, a shipyard subsidiary of the battling South Korean team STX Corp, according to a French financing ministry resource.
The French state holds a 33 percent minority risk in STX France, which runs a marine shipyards in Saint Nazaire on the west shore. Lossmaking STX Corp remains in management.
A French financing ministry resource stated a South Korean court was positioned to remove a choice to liquidiate STX Corp’s properties on Friday today, a relocation that might remove the method for the sale of its properties.
France, which has a possible veto right over any kind of sale based upon its holding as well as on the calculated relevance of the armed forces shipyard, is currently working out with an acquistion consortium, the resource stated.
“There is also another candidate, which would be good news for the shipyard,” the resource stated. “Talks are going on in a proactive way and in anticipation of the sale process.”
(Reporting by Guillaume Frouin as well as Yann Le Guernigou, Writing by Andrew Callus; Editing by Geert De Clercq)
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