NEWS Desk Global
ITALY APPROVES BLACKROCK HOLDING MORE THAN 3% IN LEONARDO
Italy has approved BlackRock, the world's biggest asset manager, holding a stake of more than 3% in Italian defence and aerospace group Leonardo. The document, sent by Italian Prime Minister Giorgia Meloni's office to parliament, deals with so-called "golden power" decisions.
Rome has "golden powers" to block or set conditions on foreign and domestic investments, as well as governance changes, involving companies that operate in strategic sectors such as energy, telecoms, defence and banking.
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