Fincantieri acquires stake in Lloyd Werft

Fincantieri created an international network for refitting and refurbishment services by acquiring a shareholding in the German shipyard Lloyd Werft

Fincantieri and Bremer Investitions-Gesellschaft mbH (BIG), the service provider for regional and business development in the state of Bremen, have signed an agreement with the current shareholders of Lloyd Werft Bremerhaven GmbH for the acquisition of a shareholding in Lloyd Werft.

This agreement will extend Fincantieri?s presence in the market of ship refitting and refurbishment services and represents the first stage of an industrial and commercial cooperation between the Italian shipbuilding group and the German shipyard. Fincantieri, combining the strengths and capabilities of the German shipyard with its yard in Palermo, has taken a significant step forward in its strategy to create the basis for a unique network in ship refitting and refurbishment services, a business segment historically characterized by being very fragmented. The strategic location of the two shipyards in the North Sea and in the Mediterranean Sea, will strengthen Fincantieri?s position in the areas where a significant part of the cruise and ferry fleets is operating.

Fincantieri and BIG will acquire 21.05% and 13.16% respectively of the share capital of Lloyd Werft through a capital increase. The remaining shares will be held by the current shareholders. The full effectiveness of the agreement will be subject to the final approval from the EU Commission and the German Antitrust Authority. Moreover, Fincantieri will have the right, by the end of 2008, to reach the majority by acquiring further shares from the current shareholders.

Latest Jobs

Vessel Manager

One of our clients is a global transportation company. They operate a fleet of sea, air and road veh... Read more

Camp Boss - Offshore

Northern Marine are currently seeking an experienced Camp Boss to join an offshore accommodation ves... Read more

NAVAL ARCHITECT

We are looking for an experienced Naval Architect for a specialist maritime consultancy to provide s... Read more

Marine Engineer Surveyor

We are a leading provider of marine and engineering consultancy & surveying services to the shipping... Read more

CHARTERED ENGINEER MARITIME

Chartered Engineer with a consultancy background in project management specialising in the delivery ... Read more

Naval Architect - Mid level

We have a fantastic opportunity for a mid-level Naval Architect to join a fast growing consultancy i... Read more

View all jobs