Euro News Source
No Result
View All Result
Friday, June 24, 2022
  • Login
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videosnew
Subscribe
Euro News Source
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videosnew
No Result
View All Result
Euro News Source
No Result
View All Result
Home News Italy

Italy extends vetting powers to protect key national assets

by Francesco Mazzagatti
May 9, 2022
in Italy
A A
0
152
SHARES
1.9k
VIEWS
FacebookTwitterLinkedin

ROME, May 9 (Reuters) – Italy’s parliament has extended Rome’s special vetting powers to protect its key national assets by including the hydroelectric sector and new companies that plan to operate in industries deemed strategic, lawmakers said on Monday.

The 15-month old government lead by Prime Minister Mario Draghi has used its so-called “golden powers” to set conditions on scores of mergers and has blocked several attempts by China to extend its presence in the euro zone’s third-largest economy.

The changes, approved by the Senate overnight, were introduced in a government decree that was originally set up to strengthen anti-takeover regulation in the telecoms and defence industries.

Register now for FREE unlimited access to Reuters.com

The upper-house Senate decided that a notification to the government will be required to set up a company operating in sectors deemed strategic in case a non-EU firm owns a stake of at least 10%, a parliamentary document seen by Reuters said.

A separate amendment established that the golden powers also apply to companies operating major hydroelectric concessions, such as dams.

“The extension of the golden power to the hydroelectric sector is a decisive step towards the ecological transition and in giving value to economic and energy assets,” said Andrea Cioffi, a senator with the 5-Star Movement who promoted the measure.

As part of its plans to beef up the scrutiny of corporate takeovers, the Italian government will soon establish a dedicated division to oversee merger deals involving strategic companies. read more

Register now for FREE unlimited access to Reuters.com

Reporting by Angelo Amante and Giuseppe Fonte; Editing by Susan Fenton

Our Standards: The Thomson Reuters Trust Principles.

Source: Reuters

Tags: BISVBISV08CLJECONELEUELUTEUROPEZCFINFINSFINS08GENITLAWMCEPOLUTILUTLRENUTLWATWEU

Related Posts

Italy

Five countries seek to delay EU fossil fuel car phase-out

June 24, 2022
Italy

Eni postpones IPO of energy transition unit due to market conditions

June 23, 2022
Italy

Apple and Android phones hacked by Italian spyware, Google says

June 23, 2022
Italy

Dire Italian drought worsening, breaking records – water authority

June 23, 2022
Italy

Italy’s Monte dei Paschi seeks 2.5 billion euros for latest relaunch plan

June 23, 2022
Italy

Italy’s De Nora family to hold controlling stake in group after IPO

June 23, 2022
  • Trending
  • Comments
  • Latest

Woman livestreams fatal stabbing of half-sister

October 25, 2021

Prison sentences for protestors who pray outside abortion clinics in Spain

February 4, 2022

Investigation opened into porn video recorded on altar of Flemish church

November 3, 2021

Irish couple, 23 and 26, ‘carry out vicious knife attack in Sydney’

October 14, 2021
Freedom Day

Freedom Day

0
Fire Accident

Fire Accident In Iraq

0
Scotland

Advice from the Scotland Prime Minister

0
Brexiteers

Brexiteers Should Thank The EU

0

England 5-1 Netherlands: Lionesses occur from at the rear of for impressive win as Bronze, Mead, Toone and Hemp rating

June 24, 2022

‘I hope you are screaming at the screen’ – Grossman wins women’s boulder at Climbing Planet Cup

June 24, 2022

Woman gives birth on Spanish metro with help of staff and a passenger

June 24, 2022

‘Thrilled to be in the final’ – Maxime Cressy ends Jack Draper’s Eastbourne dream immediately after beating 20-year-aged

June 24, 2022

Recent Posts

England 5-1 Netherlands: Lionesses occur from at the rear of for impressive win as Bronze, Mead, Toone and Hemp rating

June 24, 2022

‘I hope you are screaming at the screen’ – Grossman wins women’s boulder at Climbing Planet Cup

June 24, 2022

Woman gives birth on Spanish metro with help of staff and a passenger

June 24, 2022

‘Thrilled to be in the final’ – Maxime Cressy ends Jack Draper’s Eastbourne dream immediately after beating 20-year-aged

June 24, 2022

Manchester City reportedly agree a rate with Leeds United for midfielder Kalvin Phillips as transfer edges closer

June 24, 2022

Mild and sunny weekend in store for much of Spain: weather forecast June 24-26

June 24, 2022

Recent Posts

  • England 5-1 Netherlands: Lionesses occur from at the rear of for impressive win as Bronze, Mead, Toone and Hemp rating
  • ‘I hope you are screaming at the screen’ – Grossman wins women’s boulder at Climbing Planet Cup
  • Woman gives birth on Spanish metro with help of staff and a passenger
  • ‘Thrilled to be in the final’ – Maxime Cressy ends Jack Draper’s Eastbourne dream immediately after beating 20-year-aged
  • Manchester City reportedly agree a rate with Leeds United for midfielder Kalvin Phillips as transfer edges closer

Categories

  • Austria
  • Bahamas
  • Belarus
  • Belgium
  • Breaking News
  • Brexiteers
  • Business
  • China
  • COVID Cases
  • Covid-19
  • Cyber security
  • Debt
  • Economics
  • Energy
  • England
  • Fashion
  • Fire Accident
  • France
  • Freedom Day
  • Germany
  • Health
  • Human Launch
  • Humanitarian
  • Ireland
  • Italy
  • Netherlands
  • News
  • Norway
  • Opinion
  • Politics
  • Refugees
  • Russia
  • Russia
  • Rwanda
  • Saudi Arabia
  • Science
  • Scotland
  • Scotland
  • Spain
  • Spanish-Flu
  • Sports
  • Switzerland
  • Travel
  • Ukraine
  • United Kingdom
  • Videos
  • Wales
  • Zambia

Site Navigation

  • About
  • Advertise
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
Euro News Source

Euro News Source is one of the best sources of European News. We provide the latest news from the European Union and its member states, local and international political, economic and sports news. Follow us to receive all news from around the European Union.

© 2021 Euro News Source.

No Result
View All Result
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videos

© 2021 Euro News Source.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?