Fincantieri Takes Minority Stake in Genoa Shipyard

Fincantieri

Fincantieri and Genova Industrie Navali (GIN) have reached a cooperation agreement covering new buildings, ship repair, conversions and outfitting.

The deal provides for the acquisition by Fincantieri of a minority stake in GIN Group’s holding company and an option for a minority stake in T. Mariotti.

Fincantieri said that its stake would allow GIN “to achieve further financial strength, an increasingly important asset to face complex projects and to overcome market challenges, especially in the field of small and medium-sized luxury cruise ships construction.”

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