ROME (Reuters) – Italy’s Industry Minister said he and Frenchman Bruno Le Maire had not discussed the idea of Rome buying a stake in automaker Stellantis in a meeting on Friday.
Stellantis was created at the beginning of this year by the merger of Fiat Chrysler and PSA in France.
The French government, a former investor in PSA, has a 5.7% stake.
In January, former Italian Deputy Economy Minister Antonio Misiani, a member of Giuseppe Conte’s government, said the idea of Italy’s participation should not be considered taboo.
In February, a new government, headed by former ECB chief Mario Draghi, was formed. Misiani is no longer in her place.
“We have not discussed the possibility of the entry of the (Italian) state into Stellantis,” Industry Minister Giancarlo Giorgetti said at a joint press conference.
The Mayor declared that Stellantis was a private company.
“It is a wonderful industrial operation, and a sign of cooperation and the will of Italy and France to work together,” he said.