Fincantieri to take over STX OSV

Italian state-run shipbuilder Fincantieri is planning to acquire Singapore-listed offshore support vessel company STX OSV Holdings in a $1.2 billion takeover deal.

Fincantieri acquires STX OSV: STX OSV operates nine shipyards including one in Vung Tau, Vietnam (above)

Danica Newnham

Published 9 January 2013, 07:40Updated 9 January 2013, 08:51

Asia & Oceania Europe