Italian M&A market drops

Article Abstract:

The number of merger and acquisition deals in Italy fell 35% to 114 in 1st qtr 1995 compared to 4th qtr 1994. Activity has declined because of the volatile markets and uncertain political situation. Foreign investors often fail to understand the Italian market and are becoming less interested in cross-border acquisitions in Italy. The largest cross-border acquisition in 1st qtr 1995 was the joint purchase of Ilva Servizi Energie by Edison of Italy and electricity producer Electricite de France for 370 billion Italian lira.

Mergers, acquisitions and divestments, Electricite de France, EBS, Ilva Servizi Energie, Edison Gas S.p.A.

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Privatisations fuel Italian recovery

Article Abstract:

There were 597 merger and acquisition deals in Italy in 1994, a rise of 55% from 1993. There was a particular increase in cross-border deals into the country, which reached 144, from 92 in 1993. Foreign concerns seem to be realising that Italian businesses have considerable potential, and this balances out negative influences such as difficult labour market conditions and political instability.

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Italian programme too ambitious

Article Abstract:

A new privatisation timetable has been set by Italian Prime Minister Lamberto Dini, although the govermnent's term could be transitional with new parliamentary elections expected to be called in June. The privatisation target is set at at least 10,000 billion Lira, although the figure could be higher, with the privatisation of ENEL, the electricity concern, to be carried out during 1995.

Planning, Privatization, Privatization (Business), Ente Nazionale per l'Energia Elettrica

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