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The two countries however reaffirmed “
the strength of their ties in terms of economic cooperation, particularly in the industrial sector” in a joint press release.
The agreement to sell Chantiers de l’Atlantique shares, signed by the French State, Fincantieri and Naval Group on February 2, 2018, will end on January 31, 2021, after having been extended five times.
The parties have decided not to extend this agreement again. Indeed, the tourism sector is currently facing an unprecedented level of economic uncertainty, due to the Covid-19 crisis, which does not allow the operation to continue.
This operation, which was supported by France and Italy, was initiated more than three years ago, but its conclusion was subject to the approval of the European Commission. ....

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