France Places Order for Four Fincantieri AORs

January 30, 2019 (Google Translation) – On behalf of the French Defence procurement agency “Direction Générale de l’Armement” (DGA), OCCAR placed on January 30th a new Logistic Support Ship (LSS) contract for 1.7 b€ (VAT incl.). In accordance with the French Defence planning law 2019-2025, this contract will enable the French Navy to progressively phase out the current logistic fleet and commission 4 brand new vessels, the first two of which shall be delivered by 2025. The LSSs will be modern and highly effective double-hulled ships, which will comply with…

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European Commission to Assess Acquisition of Chantiers de l’Atlantique by Fincantieri

January 8, 2019 – The European Commission has agreed to the request submitted by France and Germany asking it to look at Fincantieri’s proposed acquisition of Chantiers de l’Atlantique in the light of the EU Merger Regulation. The Commission considers that the transaction could harm competition at European and global level. The proposed acquisition of Chantiers de l’Atlantique by Fincantieri does not reach the turnover thresholds set by the EU Merger Regulation for transactions notifiable to the European Commission because of their European dimension. However, the plan was notified for…

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