Fincantieri accepts proposal Italy and France plan to send letter to Commission - minister EU regulators want to know impact of virus on industry - source
PARIS/MILAN, Dec 30 (Reuters) - France has offered Italian shipbuilder Fincantieri a one-month extension to its planned acquisition of French rival Chantiers de l’Atlantique, the finance ministry said in a statement sent to Reuters on Wednesday.
State-controlled Fincantieri has accepted the proposal, a spokesman said.
The agreement between France and Fincantieri was due to expire on Thursday, after repeated deadline extensions following competition concerns over the merger of two global leaders and the deal has yet to receive European antitrust approval.
Italy, France in talks over extension to Fincantieri-Chantiers shipbuilding deal -sources
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CNIM Groupe : France gives Fincantieri extension on Chantiers shipbuilding deal
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France Gives Fincantieri Extension on Chantiers Deal
Maritime Activity Reports, Inc. December 30, 2020
(Photo: Chantiers de l Atlantique)
France has offered Italian shipbuilder Fincantieri s a one-month extension to its planned acquisition of French rival Chantiers de l Atlantique, the finance ministry said in a statement sent to Reuters on Wednesday.
State-controlled Fincantieri has accepted the proposal, a spokesman said.
The agreement between France and Fincantieri was due to expire on Thursday, after repeated deadline extensions following competition concerns over the merger of two global leaders and the deal has yet to receive European antitrust approval.
The cruise industry has been particularly hard hit by the COVID-19 pandemic and the French ministry said it had offered the extension to allow time for fuller assessment of the impact.
Fincantieri accepts proposal Italy and France plan to send letter to Commission - minister EU regulators want to know impact of virus on industry - source
PARIS/MILAN, Dec 30 (Reuters) - France has offered Italian shipbuilder Fincantieri a one-month extension to its planned acquisition of French rival Chantiers de l’Atlantique, the finance ministry said in a statement sent to Reuters on Wednesday.
State-controlled Fincantieri has accepted the proposal, a spokesman said.
The agreement between France and Fincantieri was due to expire on Thursday, after repeated deadline extensions following competition concerns over the merger of two global leaders and the deal has yet to receive European antitrust approval.