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Italy Govt May Approve Decree to Change Takeover Law, Sole Says 2013-11-02 11:11:09.675 GMT
By Daniele Lepido Nov. 2 (Bloomberg) -- Finance Ministry is already drafting measure, decree may be enacted next week, Senator Massimo Mucchetti says in interview with Il Sole 24 Ore. * Telefonica’s decision on Sept. 24 to increase stake in Telecom Italia may lead Spanish co. to gain “actual control of Telecom Italia": Mucchetti * This reform ‘‘is not against Telefonica as we were inspired by Spanish law itself on takeover": Mucchetti * NOTE: Italian Senate approves motion to change takeover law * NOTE: Italy Parliament to review additions to strategic assets * NOTE: Telefonica agrees to increase stake in Telecom Italia
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To contact the editor responsible for this story: Daniele Lepido at +39-02-8064-4266 or dlepido1@bloomberg.net