Italy Government Clears ION's Prelios Deal With Conditions [Yahoo! Finance]
SAFRAN SA UNSPON/ ADR (SAFRY)
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Source: Yahoo! Finance
Most Read from Bloomberg One of the Most Infamous Trades on Wall Street Is Roaring Back Stock Rally Takes a Breather Before Inflation Data: Markets Wrap These Are the Best Countries for Wealthy Expats Bond Investors Are Lining Up to Fund the War Against Putin Following an in-depth review, Prime Minister Giorgia Meloni's cabinet decided Monday not to use its veto powers on the €1.35 billion ($1.48 billion) acquisition, the people said, without providing details on the conditions. A spokesperson for the government and a spokesman for ION declined to comment. Rome considered using its so-called Golden Power provision — which allows the state to block or impose strong conditions on deals involving strategic assets — as part of its broader focus on the activities in the country of Andrea Pignataro's ION, Bloomberg reported in December. The transaction would still require an approval from Italy's central bank. A requirement that ION submit a new request for deal approval af
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