Don’t miss the latest developments in business and finance.

France to nationalise strategic STX shipyard: minister

Image
AFP Paris
Last Updated : Jul 27 2017 | 8:22 PM IST
France will nationalise the STX shipyard, a leading builder of cruise ships, Economy Minister Bruno Le Maire announced today, raising the stakes in a dispute with Italy over control of the site.
"We have taken the decision to exercise the state's right of preeemption on STX," Le Maire announced, insisting it was just a "temporary" move while France continued negotiations with Italy on shared ownership of the firm.

Also Read

First Published: Jul 27 2017 | 8:22 PM IST

Next Story