The return of rumors relating to the sale of Iveco to the Chinese of FAW by CNH Industrial rekindles the discussion on the use of golden power to prevent the company from passing into foreign hands.
The position of the M5s is peremptory. “Minister Giorgetti must activate the golden power to prevent the passage of Iveco to the Chinese company Faw. On this point, the 5 Star Movement has never changed its opinion and confirms its utmost willingness to support regulatory interventions that go in this direction, should the need arise, to extend the possibility of resorting to golden power to this area as well “. This was declared in a note by the deputies of the 5 Star Movement Luca Sut, group leader in the Productive Activities committee, and Giovanni Luca Aresta, group leader in the Defense committee.
“Iveco is a strategic company and will be increasingly so in the future – add Sut and Aresta -, both for its experience in the defense sector and for the transition to electric traction that we must give to both public and private transport. On the defense front, it is important that the minister definitively clarifies that the subsidiary Iveco Vehicles Defense Spa is not part of the negotiation in any case, also because it would be greatly reduced by the possible sale, which could also concern ‘dual use’ systems, i.e. technologies used both in the civil and military spheres “.
Yesterday, the rumor reported by the Bloomberg agency sees the Chinese of FAW progress with due diligence to arrive at a potential offer for Iveco within the next few months, also evaluating the requests of the government.