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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Italy sets direct talks to fend off hostile funds

Posted on 20 October 2008

From Forbes: The Italian government will negotiate directly with sovereign funds seeking to invest in Italy to prevent them from making unwelcome purchases of stakes in Italian companies, the foreign minister said.

Italian Prime Minister Silvio Berlusconi last week warned that market turmoil had made Italian companies vulnerable to hostile bids by cash-rich sovereign funds and said new rules were being drawn up to allow companies to defend themselves better….. Full Article: Source


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