Italy increases drive against foreign takeovers

Article reports that Italy stepped up a campaign against French buy-outs of Italian companies, drawing up a bill in March 2011 aimed at thwarting unwanted foreign takeovers and opening a tax probe into two deals.

The moves came amid a backlash against whole or partial takeovers by French companies of energy group Edison, jeweller Bulgari and dairy company Parmalat.

ESO: Background information: Brussels threat to challenge French law http://www.europeansources.info/record/brussels-threat-to-challenge-french-law/

Deutsche Welle, 26.4.11: France's Lactalis targets Italian milk giant Parmalat http://www.dw-world.de/dw/article/0,,15031089,00.html

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