To stave off intervention by the European Union, Italy has introduced new rules governing attempts to acquire stakes in companies of strategic importance to the country — rules that will affect the proposed sale of shares in propulsion company Avio, as well as any future attempts to gain control of defense giant Finmeccanica. Avio is likely to be the first test case for the new regime. The company is rumored to be in the sights of French aerospace group Safran, which itself is controlled ...
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