Page 50: of Maritime Reporter Magazine (July 1997)

Italian Maritime Review

Fincantieri's stake in the new

European force in diesel engineer- ing, Wartsila NSD Corporation, is set to increase from the initial 12.2 percent to 15.4 percent. The

Italian corporation received a cash payment of $90 million as part of the transaction. This saw the hith- erto, wholly Fincantieri-owned,

Swiss-based New Sulzer Diesel brought within the new entity, in which Wartsila Diesel's owner —

Metra Corporation of Finland — has an 87.8 percent holding.

Wartsila NSD has in turn secured a 40 percent stake in the otherwise Fincantieri-owned

Grandi Motori Trieste (GMT). The activities of the plant in northeast- ern Italy, which builds larger types of four-stroke engines as well as

A leading name in shipbuilding history li 4 1 1 rfe <1 In \ I kfS| * > % r M. II ••M j If w m jf 11 \ i h v h) % . k VTip \

J 1 iff d if ill &UL | 1 • ; X s ^m . m i i 1 i * 1 '{ m - Shipbuilding and shiprepair, drydocking - Precision machine shop - Maintenance, berthing and docking facilities for pleasure boats

Cantiere Navale Fratelli Orlando

Piazza Mazzini, 92 - 57123 Livorno (Italy) - Phone +586 / 827811 - Fax +586 / 827890 e-mail: [email protected] internet: http://www.portnet.it/livorno/orlando/

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