Vodafone Italia: Swisscom, inexperienced mild from the Italian Government for acquisition
Green mild from the Italian Presidency of the Council of Ministers for the acquisition of Vodafone Italy from Swisscomwhich already controls in our nation Fastwebacquired in 2007.
“Following the announcement of the acquisition of Vodafone Italy launched on March 15, 2024, Swisscom informs – we learn in a observe – that the Italian Presidency of the Council of Ministers has authorized the acquisition with out reservations, within the train of Golden Power“, the particular powers of the Government within the case of strategic property.
According to the settlement reached in current months Swisscom will buy 100% of Vodafone Italy for 8 billion euros, with the purpose of integrating it with the Italian subsidiary Fastweb.
The Presidency of the Council of Ministers, continues the observe, confirms that “the notified operation doesn’t trigger a menace of great injury to nationwide pursuits and that, due to this fact, the situations for the train of the particular powers referred to in Article 2 don’t exist of legislative decree no. 21 of 2012”.
The acquisition of Vodafone Italia proceeds in keeping with the anticipated timescales. Completion of the transaction remains to be topic to extra regulatory and different customary approvals and is anticipated to happen within the first quarter of 2025.
The laws on Golden Power reserves to the Italian Government particular powers to intervene in sure transactions, investments or company resolutions that might compromise or prejudice the important public pursuits of Italy, permitting it to claim its veto or impose particular situations and provisions.