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Italy and France have reached an agreement on how to divide the capital of STX France,
ugg boot boots the company that manages the shipyards of the French port of Saint-Nazaire,
winter damen stiefel whose acquisition had been at the center of controversy for months between the two countries. In January 2016 Fincantieri - the main European shipbuilding company, controlled by the Italian Ministry of Economy - had entered into an agreement to purchase STX France, the company that manages the shipyards of the French port of Saint-Nazaire, after STX, the Korean multinational that controlled STX France, declared bankruptcy. Fincantieri should have purchased 66.6 percent of the company's shares but Emmanuel Macron's new government had exercised the pre-emption clause which allowed him to purchase the entire package of the company's shares, of which he already controlled 33.3 percent. hundred.This is because the French government did not want Fincantieri to have a controlling share in STX France: it had proposed to share its share capital at 50 percent but the Italian government had refused. The new agreement, which was announced during a bilateral meeting between the President Emmanuel Macron and the Italian Prime Minister Paolo Gentiloni in Lyon, expects Fincantieri to obtain 51 percent of the shares with the 1 percent loan from the French state - which will have a total of 34.34 percent - so as to hold control of the company. France will be able to revoke the loan if Fincantieri does not respect a series of commitments and industrial objectives made; in that case Italy will be able to sell its 50 percent to France. The Board of Directors will be made up of eight people: four, including president and CEO, will be...
