Bruno Retailleau, president of France's Pay de Loire regional council, says he has put together a group of 10 STX France subcontractors to bid for a critical minority stake in the Saint-Nazaire-based cruise shipbuilder.
The move comes after newly elected French president Emmanuel Macron said he wanted to see a renegotiation of the proposed ownership stakes, which currently involves Italian shipbuilder Fincantieri holding the largest slice with 48%, the French state 33%, Italian private equity investor Fondazione 7% and French state navy shipbuilder DCNS 12%.
