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Announced

Fincantieri terminates $72m acquisition of Chantiers de l’Atlantique.

Financials

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Transaction Value£54m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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France

Marine Transportation

Acquisition

Friendly

Private

shipbuilder

Single Bidder

Majority

Cross Border

Failed

Synopsis

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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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