Stellantis on course to secure Italian approval for Comau stake sale

4 weeks ago

Less than a minute

2024.10.09 05:28

ROME (Reuters) – Stellantis (NYSE:) is on course to secure the Italian government’s backing for its planned sale of a majority stake in its robotic unit Comau to One Equity Partners, a source familiar with the matter said on Wednesday.

© Reuters. FILE PHOTO: The logo of Stellantis is seen on the company's building in Velizy-Villacoublay near Paris, France, March 19, 2024. REUTERS/Gonzalo Fuentes/File Photo

Golden power legislation gives the government the right to block or set conditions on deals concerning national companies that operate in strategic sectors.

Asking not to be named, the source said the government was leaning towards conditional approval of the Comau transaction.

4 weeks ago

Less than a minute

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