Macron and Gentiloni near deal giving Italy STX control

Italy and France are allegedly close to an agreement for the sale of the French STX shipyard to Italian shipbuilder Fincantieri after the French government blocked the sale earlier this year.

Photo: /ritzau/AP/Stephane Mahe

French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni are close to an accord that would give Fincantieri SpA majority control of the French shipyard STX, ending a diplomatic dispute between the two countries.

According to Italian and French officials, the two leaders could sign the deal at a bilateral summit Wednesday in Lyon, France. The accord would give Fincantieri a little over 50 percent of the Saint-Nazaire shipyard on the Atlantic coast, said two Italian officials who could not be named because negotiations are confidential.

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