President Emmanuel Macron orders ‘temporary’ state control of SFX France to save jobs and preserve only shipyard capable of building aircraft carriers

France is set to nationalise its biggest shipyard at St-Nazaire rather than allow it to pass into Italian ownership.

The nationalisation, which is expected to be confirmed on Thursday afternoon, will mark President Emmanuel Macron’s first major industrial policy intervention, and appears a far cry from the former banker’s usual philosophy.

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