Korean media suggest that PricewaterhouseCoopers is managing the disposal of French shipbuilder.
STX Offshore & Shipbuilding could be closer to selling STX France as local media report that the company has hired an arranger to manage the deal.
Korean website Invest Chosun reported that PricewaterhouseCoopers (PwC) has been appointed to proceed with the sale of the European shipyard.
The report claims that the target is to complete the disposal by the end of 2016.
STX France has a healthy orderbook with contract coverage for at least seven years but parent STX Offshore faces liquidation problems.
A buyer has been sought over the past few months with DSME and Meyer Werft among the interested parties.
But DSME has reportedly pulled back due to its own financial crisis.
Germany’s Meyer Werft has already acquired STX Offshore’s facilities in Finland.
STX Offshore is the largest shareholder in STX France with a 66.7% stake.
