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Apr 17, 2021 1:31 PM
ROME (Reuters) - Italian Industry Minister Giancarlo Giorgetti on Saturday welcomed the end of talks over the sale of truckmaker Iveco to Chinese firm FAW.
Iveco is part of CNH Industrial, which in turn is controlled by Exor, the holding company of Italy s Agnelli family.
CNH said earlier on Saturday it had terminated discussions with FAW over the Iveco sale but was continuing to pursue a spinoff of the group in early 2022. The Italian government considers heavy trucks to be a strategic national interest, said Giorgetti, whose rightist League party has always opposed the sale of Iveco to the Chinese.
Italy industry minister welcomes end of talks on CNH s Iveco sale to China s FAW
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Italy industry minister welcomes end of talks on CNH s Iveco sale to China s FAW
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Italy industry minister welcomes end of talks on CNH s Iveco sale to China s FAW
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