The agreement covers guidelines for the business plan Fincantieri envisions for STX France, along with other terms outlined last week.
Fincantieri ceo Giuseppe Bono and French government representative Martin Vial of the Agence des Participations de l'Etat signed the terms, a key element in completing the deal, in the presence of French Secretary of Industry Christophe Sirugue on Wednesday.
Fincantieri said it is working with the Court of Seoul, which is overseeing the sell-off of assets held by South Korea's defunct STX Offshore & Shipbuilding group, to finalize the acquisition of the French shipyard 'as soon as possible.'
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