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Mayer Brown JSM advises Fincantieri on the US$1.2 billion acquisition of Singapore-listed STX OSV

20 February 2013

Mayer Brown is acting as lead international counsel to Italian shipbuilder Fincantieri, the world's largest builder of cruise ships and a major player in the naval industry, on its acquisition of a 50.75 percent stake in Singapore-listed STX OSV. The total value of the transaction, including the acquisition and the mandatory cash offer to be made in compliance with the rules of the Singapore Code on Take-overs and Mergers, will amount to approximately US$1.2 billion (€900 million).

STX OSV is a major global shipbuilder, constructing offshore and specialized vessels used in the offshore oil and gas exploration & production and oil services industries. With its acquisition of STX OSV, Fincantieri will nearly double its size to become one of the five largest shipbuilders in the world, with 21 shipyards on three different continents, nearly 20,000 employees and revenues of €4 billion.

The team included lawyers from Mayer Brown offices in Singapore, Hong Kong, Vietnam and London and, in Brazil, lawyers from Tauil & Chequer Advogados in association with Mayer Brown.

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