France could block sale of STX-owned shipyard

The French government could intervene in collapsed Korean STX's sale of shipyard STX France. The government owns one third of the yard, and Italy's Fincantieri is so far the only bidder on the yard, reports Reuters.

by DANIEL LOGAN

Bankrupt South Korean yard group STX Offshore & Shipbuilding is in the midst of a large-scale divestment of assets in efforts to raise capital in the estate.

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Italian yard the only bidder on STX subsidiary
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Foreign buyer eyeing South Korean shipbuilder
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STX Offshore struggling with wave of lawsuits
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