Power brokers

“My Chinese counterparts signalled interest in taking stakes in Italian companies being privatised”

Pierlo Carlo Padoan w

Italian finance minister Pierlo Carlo Padoan says China is bullish about Italy. He also confirmed to the South China Morning Post that State Grid is in advanced talks to acquire 35% of CDP Reti from Rome, an Italian firm with assets in gas and electricity generation. The sale could fetch €2 billion ($2.68 billion).

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