Independent journal on economy and transport policy
08:16 GMT+1
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The marriage between Fincantieri and Chantiers de l'Atlantique will not take place
The unprecedented uncertainties on the tourist market - explain Rome and Paris - do not allow the planned operation to proceed
January 28, 2021
"Supported by both countries," recalled the two ministries in a note -- this operation was initiated more three years ago but its conclusion was subject to to the approval of the European Commission that On October 30, 2019 had opened an in-depth examination of the project and had expressed concerns about the impact of this operation on the Competitiveness. In the context of the Covid 19 epidemic and its relative consequences for the recovery of the shipbuilding industry, the European Commission has not reached a position final on the transaction. France and Italy are now obliged to draw the necessary conclusions to enable both company to focus on their exit strategy from the crisis and new projects. The State French remains the main shareholder of Chantiers de l'Atlantique and supports the company through this crisis.'
"France and Italy - continues the note - remain fully committed to deepening their cooperation in the naval field and shipbuilding industry, in line with the conclusions of the 34th 2017. The launch, on May 18, 2020, in Chantiers atlantique, the construction of the first of the four units auxiliary naval services for the FLOTLOG program for the French, the front of which is entrusted to the Fincantieri shipyard in Castellammare di Stabia, testifies to the continuous cooperation between two countries and the two companies. In addition, the Naviris joint venture between Naval Group and Fincantieri is fully operational by January 2020 and supported by France and Italy. Naviris started actively to envisage export projects and launched joint R&T projects. The joint venture is developing projects for both the Italian and Italian French Marines and for wider contexts, such as the development of corvette european patrol supported by the CFSP. More in general, Italy and France continue to support cooperation between companies in the two countries.'
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"Supported by both countries," recalled the two ministries in a note -- this operation was initiated more three years ago but its conclusion was subject to to the approval of the European Commission that On October 30, 2019 had opened an in-depth examination of the project and had expressed concerns about the impact of this operation on the Competitiveness. In the context of the Covid 19 epidemic and its relative consequences for the recovery of the shipbuilding industry, the European Commission has not reached a position final on the transaction. France and Italy are now obliged to draw the necessary conclusions to enable both company to focus on their exit strategy from the crisis and new projects. The State French remains the main shareholder of Chantiers de l'Atlantique and supports the company through this crisis.'
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
