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Saint-Nazaire shipyards: Korean shareholder STX avoids liquidation

The sinking of STX was finally avoided. This Friday, creditor banks of the South Korean group, majority in the shipyards of Saint-Nazaire, the only profitable subsidiary of STX, narrowly approved the plan to restructure its debt, thus eliminating the scenario of a liquidation. A court-appointed auditor presented the findings of his study, estimating that STX […]

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