Tuesday, December 27, 2016

One candidate is the recovery of the shipyard STX of Saint-Nazaire – The World

The south Korean group STX Offshore and Shipbuilding has struggled for several years with increasing losses.

The shipyards STX in Saint-Brévin-les-Pins, near Saint-Nazaire, on October 20, 2016.

A one-time offer of resumption of the shipyard STX of Saint-Nazaire has been submitted to the court in south korea, which examines the judicial settlement of the parent company, STX Offshore and Shipbuilding announced on Tuesday December 27, a spokesman for the court. The justice will announce the 3 January 2017 if this offer is accepted by the company.

Since 2013, the south Korean group is under the control of its creditors. It is in the face of growing losses caused by poor management and a global demand in bern. The shipyards of Saint-Nazaire, held one-third by the French State, its sole subsidiary profitable.

as STX Offshore and Shipbuilding, placed into receivership in may, STX France has been officially put on sale by the justice of south korea on 19 October. In November, it has avoided the liquidation of accuracy.

potential Buyers unknown

The Italian Fincantieri, the shipyard netherlands Damen or the asian group Genting hong Kong had shown an interest to buy the shipyards of Saint-Nazaire, whose order book is full.

” But only one candidate has filed his or her bid within the time limit “, said the judge, Choi, Ung-young, who serves as spokesman for the commercial court of the central district of Seoul. He, however, refused to give the identity of the potential buyers. He clarified that the offer in question was studied by Samil PricewaterhouseCooper, who manages the folder.

” If the price offered is too low, the offer will be refused and a new call for tenders will be launched “, said the spokesman for STX Offshore and Shipbuilding.

A possible French investor

The French secretary of State for industry, Christophe Sirugue, had said in early November that the government would prefer a buyer in the industrial to buy STX France, and would welcome a participation of the French DCNS. The latter has never shown his interest in the shipyards of Saint-Nazaire, but it might take a minority stake.

STX France, which has 2 600 employees, and employs approximately 5 000 sub-contractors, is in full form with an order book that is very well filled. STX France had been sold to STX in 2008 by the Norwegian Aker Yards, which had been bought in 2006 by Alstom.

Read also : The Korea penalty to save its champions of the seas


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