Italy’s Government has taken a fierce protectionist stance when it comes to national companies being taken over by foreign entities. Gianni Origoni’s Raimondo Premonte reports
In recent years, national enterprises in Italy and other European countries have generally been protected from possible acquisition by foreign entities interested in investing in the Italian market. Such a trend, although largely spread (especially due to the worldwide financial crisis), has mostly involved those businesses incorporated and developed in Italy with a brand strongly connected to the Italian territory, so that a possible change of ownership in favour of foreign companies could be seen as a loss by the Italian business community of one of its national champions and, of course, of the relevant turnover.
