New deadline for the alliance between Chantiers de l'Atlantique and the Italian Fincantieri.
According to our information, a few days before the deadline set for October 31 to seal the operation, the State (84.34% of the capital), Naval Group (11.67%) and Fincantieri have agreed to postpone this deadline to December 31, 2020. This, "in
order to leave time for the European Commission to decide"
on the passage under the Italian flag of the manufacturer of cruise ships and large military ships, we explained to Bercy.
It is planned that the State sells 50% of the capital to Fincantieri and lends it, for a period of twelve years, 1% of the capital in order to cede control to it.
This agreement was validated more than three years ago.
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Chantiers de l'Atlantique: the Senate calls for "thinking about a new recovery project"
The sale of Chantiers de l'Atlantique arouses strong criticism from cruise giants Carnival and Royal Carribean, elected officials and unions
The operation embarrasses Brussels, torn between its mission to maintain fair competition and the imperative not to disarm European industry against its competitors.
In October 2019, Brussels decided to open an in-depth investigation.
Cession
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