The State of Finland and the German shipbuilder Meyer Werft have signed an agreement with the shipyard’s owner STX Europe AS regarding the purchase of the whole share capital of STX Finland Oy.

STX Finland is a leading builder of cruise ships and large cruise ferries. STX Finland currently employs approx. 1,300 employees.

The transaction can be finally closed once the competition authorities have completed their review, and once final decisions on construction financing have been obtained.

Advium acted as the financial advisor to the buyers.

Additional information: TEM, Meyer Werft