January 26, 2018 / 11:22 AM / in 9 months

Italy must think of partnership with France for space - minister

MILAN (Reuters) - Italy needs to start thinking of a partnership in the space industry with France after the two countries have joined forces over the naval sector, Industry Minister Carlo Calenda said on Friday.

Italian Industry Minister Carlo Calenda gestures as he talks during an interview with Reuters in his office in Rome, Italy November 25, 2016. REUTERS/Tony Gentile

“We now must think of a partnership in the space sector. We must do so with attention, as it is (an industry with) sensitive companies, but we must face the challenge,” Calenda said at a conference in Rome organised by Italian companies’ association Confindustria and its French peer Medef.

In September Italian shipbuilder Fincantieri (FCT.MI) took effective control of French rival STX France under a shared ownership agreement.

The move set the conditions to explore the creation of a Franco-Italian naval defence group, merging France’s Naval group with Fincantieri.

Reporting by Alberto Sisto

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