French state takes stake in shipyard

The French government is to take a 33.3% stake in STX France Cruise, November 2008, owner of the last remaining shipyard in France capable of building large cruise liners. The move, is the first partial nationalisation since President Nicolas Sarkozy called for a bigger role for the state in strategically important French companies and in fending off foreign buyers.

STX Europe: Press Release, 6.11.08: French Republic becomes strategic owners in STX Europe's French yards http://www.akeryards.no/?page=580&xml=S/134984/PR/200811/1267443

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