Announced
Financials
Tags
France
Marine Transportation
Acquisition
Friendly
Private
shipbuilder
Single Bidder
Majority
Cross Border
Failed
Synopsis
Fincantieri, which designs and builds merchant vessels, passenger ships, offshore, and naval vessels, terminated the $72.4m acquisition of Chantiers de l’Atlantique, which operates as a shipbuilder, blaming the economic downturn and a failure to get European antitrust approval. The decision was made to allow the two companies to focus on getting through the pandemic and new projects.
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