A senior European official proposed the establishment of an EU watchdog to defend strategic sectors against Chinese takeovers. Antonio Tajani, a European Industry Commissioner, said that Chinese companies are able to acquire many more European companies that have Key technologies in vital sectors. Tajani suggested that Europe make “an authority tasked with examining foreign investments…
Category Archives: Italy
Italian Postal Service Buys MedioCredito Centrale from UniCredit
The Italian Postal Service has decided to purchase MedioCredito Centrale (MCC) unit for $179m from Italian bank UniCredit. This sale is promoted by the Ministry of Economy and Finance to boost the impoverished south of Italy. The government plans to use MedioCredito to create a Bank for the South which will encourage loans to small…
Draka Continues Negotiations With Xinmao: Meanwhile, Prysmian Offer Progresses
Dutch cable manufacturer, Draka Holding NV (DRAK.AE), announced Wednesday it continues negotiations with China’s Tianjin Xinmao Science & Technology Investment Group, even though there is an agreed takeover offer from Italy’s Prysmian SpA is proceeding. The Amsterdam-based company said it will conduct a general meeting on Jan. 26 to deal with Prysmian’s EUR840 million takeover…
Backward-Compatible 3DTV Demonstrated
In Italy, a broadcast and technology consortium is demonstrating an over-the-air digital 3D TV system that is backward-compatible with 2D TV sets. Last week in Turin, the group announced the implementation of the system in Piemonte, a northern region of Italy. Participants included CSP Innovazione nelle ICT, Sisvel Profile and Quartarete TV, which is now…
Italy’s Largest Pension Fund Signs UN PRI
Fondo Cometa, has become the first major Italian asset owner to agree to join the United Nations Principles for Responsible Investment (PRI). The Fondo Cometa is Italy’s largest pension fund and manages €5.7 billion. Milan-based Cometa has approximately 470,000 members is the fund for metals industry workers. “We are proud to be the first Italian…
A 3.4 Megawatt Solar Power Plant Will Be Built In Italy by SunPower Partners and E.ON Climate and Renewables
SunPower Corp. and E.ON Climate and Renewables Italia Solar Srl agreed that SunPower will design and construct a ground-mounted solar power facility in Italy’s Lazio region. The facility should be completed by May 2011. Christophe Jurczak, director of PV at E.ON said “We are happy to colaborate with SunPower on this important plant, as we…
Italian Finmeccanica Company Signs a 2 Billion Dollar Deal With Russian Railways
The Italian company Finmeccanica and the Russian Railways have signed a memorandum of understanding on the creation of a joint venture to develop telecommunications, signaling, safety and automation technology for the Russian Railway. This joint venture will develop and manufacture equipment for 50 railway lines, 100 vehicles and 100 railway stations by 2020. The estimated…
Italian And Israeli Government Agencies And Businesses Developing Joint Enterprises.
Gaia Molco is the secretary general of the Tel Aviv-based Israel-Italy Chamber of Commerce and Industry (IICCI). This is a private, non-profit member of a network of 70 Italian chambers of commerce. Mrs. Molco said that “More and more, we see how scientific and technological cooperation between Israel and Italy is growing,” Earlier this month,…
Italian Company, AgustaWestland, To Deliver Helicopter to Libya
The second AW139 helicopter is to be delivered to the Libyan General People’s Committee for Public Security. This was announced in Tripoli at the “Libdex 2010” which is the second annual defense and security show in Libya. The Italian aircraft manufacturer, AugustaWestland, has a contract to manufacture five such helicopters for Libyan border surveillance and…
Indian Rajoo Engineers join Italian Bausano & Figli S.p.ay
Indian firm, Rajoo Engineers Limited, has formed a joint venture with the Italian company Bausano & Figli S.p.a to produce and market pipe and profile lines. Rajoo is in effect diversifying into the pipe and profile extrusion machinery business. Rajoo Bausano Extrusion Pvt. Ltd., the JV company, will begin operations in 2011. Rajoo will supply…
