India
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.
Updated : Jul 27, 2017, 08:28 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.
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