3 Min Read
PARIS/MILAN (Reuters) - 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.
FILE PHOTO: A view of Fincantieri shipyard is seen in Monfalcone near Trieste, in northest Italy, April 21, 2016. REUTERS/Alessandro Bianchi
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.