Italy has no intention of lowering its head on the Fincantieri - Saint Nazaire case. This is the message launched by the Minister of Economic Development, Carlo Calenda, who does not mince words:
“There is no way we accept 50%, which is less than what the Koreans had. It's a matter of respect and dignity, we are not moving an inch and we will not do it on Tuesday”, also underlining that “the Koreans, before, owned well over 50 percent of Stx”.
The declarations of the Minister of Finance, Pier Carlo Padoan, who yesterday (28 July), had spoken of "unacceptable distrust" are followed by the words of the number one of the Mise who on Tuesday 4 August will meet, together with Minister Padoan, the head of the French Economy , Bruno LeMaire. The latter last July 27 announced the temporary nationalization of Stx, company that controls the shipyards of Saint Nazaire, of which Fincantieri acquired 66,6% in April after a Korean management.
The Paris decision, de facto, prevents the Italian state investee from taking control of a company that it has already acquired after a long period of negotiations with former president Hollande and which also led to heavy losses on the stock exchange with the stock which, over the course of the week, it left more than 5% on the basket.
Calenda also responded to the rumors circulating about a possible nationalization of Telecom Italia as a "retaliation" against France after the protectionist position taken by President Emmanuel Macron: "There is no answer by nationalizing Telecom, because nonsense is not answered with a bigger nonsense", underlines Minister Calenda speaking at the initiative of "Forza Europa"
Italy's position, added the minister, "will do France good because it must understand that nationalizing is wrong".
