Italy’s cabinet will today hold talks about adopting a French-style approach to thwarting unwanted foreign takeovers in sectors deemed strategically important such as energy, telecoms, technology, defence and food.
The move comes amid a populist backlash against French buy-outs of Italian companies after jeweller Bulgari, energy group Edison and food group Parmalat were wholly or partially taken over by French companies in recent days.
Giulio Tremonti, Italy’s powerful economy minister who is seen as a potential successor to Silvio Berlusconi, the prime minister, has led efforts to protect sectors considered strategic.
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