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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