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Chinese takeover of [Italian] drone plant 'breaks armaments law'

Hamartia Antidote

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If company deals with defense or not is not a questions any company , can be bought or sold if it is up for grab by international buyers
Every country has their own rules. Your blanket generalizing things is completely nonsensical. Even China has/had a 50/50 rule for foreign ownership of companies like autos. Didn't you ever read the numerous PDF articles about it?


2. What constitutes “actual control” by a foreign investor of a target company?

As discussed in paragraph 1.(b) above, a foreign investment project in an identified sector would not be subject to security review under the Security Review Rules unless a foreign investor gains actual control of the target company through such investment. “Actual control”, as defined in Article 4 of the Security Review Rules, includes power gained by a foreign investor:

a) by holding 50% or more of the ownership of the target company;

b) by holding no more than 50% of the ownership of the target company, as well as the voting power which is perceived to significantly influence decisions of the board or shareholders of the target company; or

c) in other circumstances where the foreign investor is perceived to have significant influence on business decision-making, human resources, finance, technology and other matters of the target company.




 
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AZADPAKISTAN2009

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Italy is not US controlled region they felt it was ok to collaborate with China
Italy is pretty much a independent country they don't even speak English

Clearly Italian Administrators must have realized China is investing in their economy by helping a struggling company overcome financial crisis

But thank you for sharing , would be nice to see how the collaboration develops in next 10 years
 

Hamartia Antidote

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Nov 17, 2013
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Italy is not US controlled region they felt it was ok to collaborate with China
Italy is pretty much a independent country they don't even speak English

Clearly Italian Administrators must have realized China is investing in their economy by helping a struggling company overcome financial crisis

But thank you for sharing , would be nice to see how the collaboration develops in next 10 years
Why do you think it was struggling. It says the Chinese companies secretly paid the shareholders 90 times it’s current value which was basically an incentive to hide the transfer from the Italian Government.



Investigators said a firm based in Hong Kong had bought a majority stake in the drone company at 90 times its value.
But the real buyer, they said, was two state-owned companies in China.
 

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