Italian government clears Chinese acquisition of motor component manufacturer EuroGroup Laminations

Italy approved a Chinese buyout of EuroGroup Laminations under golden power rules. The deal aims to take the motor firm private by mid-2026 at a premium price.

Insights:
The government of Italy ITIThas issued formal approval for the Chinese CNCNprivate equity firm FountainVest to acquire a major stake in EuroGroup Laminations under its strategic golden power rules. The decision, which was detailed in a document sent to parliament in late December and made public on Wednesday, includes unspecified conditions designed to protect strategic assets. This regulatory clearance marks a critical step for a transaction that intends to take the Milan-based manufacturer private by the middle of 2026.
A view shows Milan's skyline during sunset in Milan, Italy, July 6, 2023. REUTERS/Claudia Greco
A view shows Milan's skyline during sunset in Milan, Italy, July 6, 2023. REUTERS/Claudia Greco
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