Paris

Italian govt interested in Finmeccanica ceding civil assets

Industry minister also speaks of potential partnerships

Italian govt interested in Finmeccanica ceding civil assets

Paris, June 17 - Italian Industry Minister Flavio Zanonato confirmed on Monday that the Italian government is interested in allowing new deals for the civilian industry assets of transport and defence conglomerate Finmeccanica. The Italian government remains the formerly State-owned giant's largest single shareholder with a 30% stake. "Not only does the possibility of selling assets exist, but also the possibility of finding partners to develop products and markets," said Zanonato on the margins of the Paris Air Show, when he was asked if the government was interested in Finmeccanica's ceding civilian industry assets. "It is a matter that is being discussed not only in my ministry but within the government. The main objective is to maintain a strong industrial presence in Italy". The government, Zanonato added, "does not want capital to move (abroad). The problem remains for us to make it so that when foreign capital enters, production does not get dislocated, and that not a market but a line of production is bought".

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