STX Europe

Type: Company
Name: STX Europe
First reported Aug 22 2014 - Updated Aug 22 2014 - 2 reports

DEUTSCHE BOERSE : European stocks swing in cautious trade as Jackson Hole begins

European shares were little changed Friday, with the benchmark index heading for the biggest weekly gain in six months, with investors waiting for speeches from major central bankers. - Euro Stoxx dropped 0.18%, 0.57 points to 314.56 ... [Published 4 Traders - Aug 22 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

European Shares Rises, Investors Weigh Fed Stimulus Hopes

European stocks traded sharply higher on Thursday, after fluctuating in early trades, as bets the Federal Reserve will continue to support the economy outweighed a slowdown in manufacturing growth in China and the euro area.Euro Stoxx rose 0.48%, 1.49 ... [Published Action Forex - Aug 21 2014]
First reported Aug 20 2014 - Updated Aug 20 2014 - 1 reports

European Markets Open Weaker, BoE And Fed Minutes In Focus

European shares dipped in early trade on Wednesday, pausing after a sharp two-day rally, with a slew of economic releases due and as investors await Fed's Jackson Hole meeting. Also, Focus continues to be on the Geopolitical developments in Ukraine, Gaza ... [Published Action Forex - Aug 20 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 1 reports

European shares extend rally, FTSE 100 up after weak inflation report

(menafn – ecpulse)European shares rose in midday European trading, adding to the previous session’s rally, with Germanys DAX index outperforming, driven by what traders saw ... [Published MENAFN - Aug 19 2014]
First reported Aug 13 2014 - Updated Aug 13 2014 - 1 reports

MEYER WERFT Joins Forces with STX Finland

MEYER WERFT joins forces with the STX Finland shipyard in Turku. Following weeks of negotiations the Finnish Government and MEYER WERFT signed a share purchase agreement with the current owner STX Europe. With its 70% stake MEYER WERFT takes the industrial ... [Published Maritime Executive - Aug 13 2014]
First reported Aug 07 2014 - Updated Aug 07 2014 - 1 reports

Meyer Werft acquires stake in STX Finland

Following weeks of negotiations, the Finnish vernment and German shipbuilder Meyer Werft have signed a share purchase agreement with STX Europe for STX Finland’s Turku yard.Meyer Werft will take a controlling 70 per cent stake in the business, with presently ... [Published Baird Maritime - Aug 07 2014]
First reported Aug 07 2014 - Updated Aug 07 2014 - 1 reports

[Market Insight] STX Finland Finally Sold to German-Finnish Consortium

STX Finland, an STX Group company, has been sold to a 30:70 consortium of the Finnish government and Germany's Meyer Werft shipyard. According to STX Group and its underwriter Credit Suisse said on August 6 that they signed a sale and purchase agreement ... [Published The Korea Economic Daily - Aug 07 2014]
First reported Aug 06 2014 - Updated Aug 06 2014 - 1 reports

INTERNATIONAL: STX Europe sells Turku shipyard

The Finnish government and Germany’s cruiseship builder Meyer Werft have jointly acquired the Turku shipyard from STX Europe. Under the new agreement Meyer Werft will become the majority owner with a 70% stake, and will have main responsibility for the ... [Published Lloyd's List Daily Commercial News - Aug 06 2014]
First reported Aug 04 2014 - Updated Aug 05 2014 - 4 reports

Meyer Werft acquires 70% stake in STX Finland

Meyer Werft announced that it has acquired a 70% stake in the STX Finland shipyard in Turku. After weeks of negotiating, the Finnish Government, Myer Werft and the current owner, STX Europe signed a share purchase agreement.  With this acquisition, Meyer ... [Published Private Equity Korea - Aug 05 2014]
First reported Aug 04 2014 - Updated Aug 04 2014 - 1 reports

Roundup: Finnish State, German shipbuilder agree to purchase STX's Turku shipyard

The State of Finland and German shipbuilder Meyer Werft have decided to purchase STX's Turku shipyard, the Ministry of Employment and the Economy announced on Monday. According to the Ministry, the Finnish Government and the German company have signed ... [Published Individual.com - Aug 04 2014]
First reported Aug 04 2014 - Updated Aug 04 2014 - 1 reports

Turku shipyard gains billion euro order and new owners

Turku shipyard has received a valuable order of two cruise vessels from German Tui Cruises. The estimated value of the order is expected to amount to almost 1 billion euros, and would help create a direct employment effect of at least 12,000 man years. ... [Published Good News From Finland - Aug 04 2014]
First reported Aug 04 2014 - Updated Aug 04 2014 - 1 reports

Tui Cruises Orders Two More from STX Europe

Rendering via Tui CruisesTUI Cruises announced today the order for two new ships from STX Europe’s shipyard in Turku, Finland.The ships will be sister vessels of two other ships ordered in 2012 , the first of which is expected to be delivered this ye ... [Published GCaptain - Aug 04 2014]

Quotes

An official with Korea Development Bank said, "The latest deal was part of the wider transaction to sell off STX Europe. Unlike the STX France deal that's expected to command a higher price due to its good financial performance, the deal to dispose of STX Finland was just enough to pay for the debt. Maybe that's why the company doesn't want to reveal the selling price." According to due diligence results last year announced by Deloitte Anjin LLC, STX Offshore & Shipbuilding will be able to recoup 170 billion won from...
"Our brands have never been stronger and we are well positioned for continued step change in performance.  The Double-Double Programme sets demanding, but realistic targets, against which we will measure our continued progress."
As Dr. Jan Meyer, managing partner of MEYER WERFT, explained, " This acquisition will strengthen the yards in Papenburg, Turku and Rostock: With joining forces with Turku we can offer more flexibility to our customers. In addition both shipyards respect each other for their high level of professionalism and thus can learn a lot from each other in order to improve their working processes or to join forces on research & development."
"I am very pleased that the prolonged process is now approaching an elegant solution. A greatly respected industrial partner with long traditions in the field now fully works to bring its expertise to further help develop the Turku shipyard" said Jan Vapaavuori, Minister of Economic Affairs of Finland

More Content

All (33) | News (30) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Intergraph at ONS 2014 [Published Offshore Technology - Aug 26 2014]
DEUTSCHE BOERSE : European stocks swing in caut... [Published 4 Traders - Aug 22 2014]
European Stocks Swing In Cautious Trade As Jack... [Published Action Forex - Aug 22 2014]
European Shares Rises, Investors Weigh Fed Stim... [Published Action Forex - Aug 21 2014]
European Markets Open Weaker, BoE And Fed Minut... [Published Action Forex - Aug 20 2014]
European shares extend rally, FTSE 100 up after... [Published MENAFN - Aug 19 2014]
MEYER WERFT Joins Forces with STX Finland [Published Maritime Executive - Aug 13 2014]
Top 10 Most Expensive Cruise Ships Ever Built [Published World Maritime News - Aug 08 2014]
Meyer Werft acquires stake in STX Finland [Published Baird Maritime - Aug 07 2014]
[Market Insight] STX Finland Finally Sold to Ge... [Published The Korea Economic Daily - Aug 07 2014]
Cruise Business Commentary: Meyer's Finnish acq... [Published Cruise Business Review - Aug 06 2014]
Tui Cruises orders two new ships [Published TTG Digital - Aug 06 2014]
INTERNATIONAL: STX Europe sells Turku shipyard [Published Lloyd's List Daily Commercial News - Aug 06 2014]
Save the date: Shipping Intelligence presented ... [Published Finnish-British Chamber of Commerce - Aug 05 2014]
No job cuts in Meyer-STX deal, talks aim ensure... [Published Seatrade Insider - Aug 05 2014]
Meyer Werft acquires 70% stake in STX Finland [Published Private Equity Korea - Aug 05 2014]
MEYER WERFT joins forces with STX Finland [Published Portnews - Aug 05 2014]
XINHUA - Roundup: Finnish State, German shipbui... [Published Namibia Press Agency - Aug 04 2014]
Roundup: Finnish State, German shipbuilder agre... [Published Individual.com - Aug 04 2014]
04.08 2014 - Advium advisor in the acquisition ... [Published Advium - Aug 04 2014]
Meyer takes Turku with TUI orders [Published Motor Ship - Aug 04 2014]
Meyer Werft and Finnish Government Finalize Acq... [Published MaritimeSecurity.Asia - Aug 04 2014]
Meyer Wert to acquire 70%, Finnish Government 3... [Published Cruise Business Review - Aug 04 2014]
Turku shipyard gains billion euro order and new... [Published Good News From Finland - Aug 04 2014]
Meyer Werft to buy Turku yard [Published Cruiseandferry.net - Aug 04 2014]
Tui Cruises Orders Two More from STX Europe [Published GCaptain - Aug 04 2014]
Meyer Werft Wraps Up STX Finnland Deal [Published World Maritime News - Aug 04 2014]
Meyer Werft joins forces with STX Finland [Published Marine Link - Aug 04 2014]
Meyer Werft and the State of Finland acquire Tu... [Published Suomen Teollisuussijoitus Oy - Aug 04 2014]
Meyer to buy 70% of STX Finland's Turku yard as... [Published Seatrade Insider - Aug 04 2014]
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Meyer Werft and Finnish Government Finalize Acq... [Published MaritimeSecurity.Asia - Aug 04 2014]
Oasis of the Seas departs the STX Finland Turku shipyard in 2009. Photo (c) Zache/Wikimedia Commons Following weeks of negotiations, the Finnish Government and German shipbuilder Meyer Werft have signed an agreement the purchase of the STX Finland’s ...
France Ready to Cancel Russia Ship Sale [Published MaritimeSecurity.Asia - Jul 22 2014]
BPC Dixmude, a Mistral Class Amphibious Assault Ship built at STX Europe By Gregory Viscusi and Helene Fouquet July 22 (Bloomberg) — French President Francois Hollande said he’s prepared to cancel the sale of a second Mistral helicopter carrier ...
Meyer Werft and Finnish Government Plan to Buy ... [Published MaritimeSecurity.Asia - Jun 30 2014]
File photo of the STX Finland Turku Shipyard. HELSINKI, June 30 (Reuters) – Germany’s closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the Finnish economy ...
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