STX France renamed Chantiers de l’Atlantique

French yard STX France in Saint Nazaire has reverted to its traditional name Chantiers de l’Atlantique and has been put temporarily under French government ownership.

The move is part of the changes before the yard is taken over by a group led by Italian yard Fincantieri. The new name was announced by French Minister of Economy and Finance Mr Bruno Le Maire to a visit to the yard. The yard is now
temporarily 84.3% owned by the French state, 11.7% by French yard Naval Group and 1.6% by French yard supply companies. Under the French/Italian agreement signed in September 2017, Italian group Fincantieri will take its shareholding when final government approval is received.

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