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The Plan to Stop French Raiders Buying Up Italian Businesses

  • French investors brace for tougher Italian stance on companies
  • Vivendi to STMicroelectronics could bear the consequences

In the corporate suites of Milan and Rome’s corridors of power there’s a new resolve: stop French raiders from buying up Italian businesses.

After a spate of Italian takeovers by French competitors, some of the brewing resentment in the country will be felt by Vivendi SA in its fight for power at Mediaset SpA and Telecom Italia SpA, said people familiar with the matter. French companies announced $41.8 billion in Italian takeovers in the last five years, including Essilor International SA’s recent accord to buy Luxottica and Amundi SA’s acquisition of UniCredit SpA’s Pioneer Investments, according to Bloomberg-compiled data, six times Italian purchases in France.