The issue of the participation of Italy and France to the capital of STX France is sent back on 27 September



It has been concluded without an approach of the respective ones yesterday place the encounter to Rome between the Italian ministers of the Economy and Finances and the economic Development Pier Carlo Padoan and Carlo Calenda, and the French minister of the Economy and Finances, Bruno Le Maire, in order to discuss about the acquisition of capital of shipbuilding society French STX France by the navalmeccanico group Italian Fincantieri.

The transaction was agreed last May with the precedence French government establishing that Fincantieri would have obtained 66.66% of the share capital of the transalpine company ( on 19 May 2017), agreement that then is disregarded by the new government of Paris that initially has shown an equal participation of Italy and France to the capital of STX France and that, when the executive of Rome has rejected such proposal, has decided to exercise the straight pre-emption of the French State on the capital of the shipbuilding company of Saint-Nazaire and of it has established the temporary nationalization ( on 27 July 2017).

In the course of the encounter yesterday the Italian government has restated hard regret for this decision. To conclusion of the reunion, in a combined note the governments Italian and French however have expressed "the common will to exceed the differences on the balance in the structure of the STX capital".

"The governments of France and Italy - the note specifies - express their will to facilitate the creation of a more efficient and competitive European industry naval. They share the objective to be left over towards a strong alliance between the two countries is in civil field that to support. From the combination of the abilities to Fincantieri, STX France and Naval Group an European leader of total capacity with the objective could be born to become the main actor in the markets civil and to support, with important activity also in the systems and the services".

"As it leave of this project - the combined note concludes - the issue of the structure of capital of STX France will be faced in order to define a mutually acceptable solution in the course of the bilateral summit Franco-Italian of next the 27 september. The quota Fincantieri in STX France will be defined online with its industrial role of guide. In this period, the French government is engaged not to open the capital of STX France to other subjects and to consider Fincantieri the favorite option for the future of the society".