Skip to main content


  • AddRemove
  • Build a Report 
News Releases

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

20 February 2013

Mayer Brown JSM 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.

Stephen Bottomley, Corporate & Securities partner, said, “This multi-jurisdictional acquisition involved legal issues in seven countries across the world. With the global reach of the Mayer Brown offices and our strong shipping and offshore practice, we were ideally placed to assist Fincantieri on this important strategic transaction. We look forward to building our relationship with Fincantieri further as the ship building market goes through fundamental changes.”

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. Corporate & Securities partner Stephen Bottomley led the transaction, supported by senior associate Andrew Pannell and associate Nicholas Cook.

Media Contact

  • John Tuerck
    Director of Public Relations
    T +1 312 701 8280

Related Information

  • Related People
    Andrew Pannell
    T +65 6327 0234
    Nicholas C. A. Cook
    T +852 2843 2255

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.