January 26, 2018 / 11:22 AM / a year ago

Italy must think of partnership with France for space - minister

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

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.

“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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