Deals
Draghi Aims for Tighter Control of Italy’s Takeover Defenses
- Rome has stepped up vetting of deals in strategic sectors
- Oversight body set for shake-up, with larger role for premier
Mario Draghi
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Prime Minister Mario Draghi is seeking to improve and streamline Italy’s vetting of foreign takeover bids at a time of heightened competition between China and western countries -- and he wants to wield more power in the oversight process.
An inter-ministerial committee that manages the state’s use of so-called Golden Power legislation to safeguard key sectors is now in Draghi’s cross-hairs, people familiar with the matter said.