“Italy shows openness to FDI with reversal of Safran deal block” is the title of the article by Global Competition Review, revisiting the block on Safran’s investment. Safran “recently disclosed that the government conditionally cleared its purchase of Microtecnica, a division of Collins Aerospace
owned by US defence giant RTX, after guaranteeing to protect employment and production lines. Microtecnica employs about 650
people in Italy”.
According to industry experts, this openness by Italy can be interpreted in several ways. Safran likely provided sufficient concessions to address the government’s concerns, but the influence of skillful diplomatic and political pressure between France and Italy, “soft but solid,” as our Filippo Mazza stated in his interview, is also plausible.
So, what’s next?
Read the full article at this link.
