Decree allows interventionism to prevent foreign takeovers of strategic companies

Legislative Decree 34/2011 was issued in March 2011 to allow Cassa Depositi e Prestiti SpA (CDP) to acquire either shares or quotas of companies that are deemed to be "of national interest" - that is, companies that operate in a strategic field and are significant to the national employment market. CDP is a state-controlled institution which manages more than €200bn in post office savings.

• Type:

  • Entry and establishment (Ownership and control)

• Industry:

  • Not industry specific

• Sources:

  • Financial Times, French-Italian takeover tensions rise, http://www.ft.com/cms/s/0/5b4b9a1a-5ccf-11e0-ab7c-00144feab49a.html#axzz3x2MWPCNu, 02 Apr 2016
  • International Law Office, Protectionism and Parmalat: analysing the Groupe Lactalis takeover bid, http://www.internationallawoffice.com/Newsletters/Corporate-FinanceMA/Italy/Portolano-Colella-Cavallo-Studio-Legale/Protectionism-and-Parmalat-analysing-the-Groupe-Lactalis-takeover-bid, 31 Aug 2011
  • Economist Intelligence Unit, Country report, http://www.eiu.com/index.asp?layout=displayIssueArticle&issue_id=1058095090&opt=full, 06 May 2011