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EU Greenlights Leonardo's Acquisition of Iveco Defence
14 Oct
Summary
- European Commission will not oppose the deal.
- Leonardo is set to acquire Iveco's defence unit.
- The transaction involves Italy's state-backed defence group.
The European Commission has announced it will not oppose a proposed deal concerning Italy's defence sector. Under this agreement, Leonardo, a prominent state-backed defence group, is set to acquire the defence unit belonging to Iveco. This potential acquisition has received a non-objection from the European Commission, paving the way for Leonardo to expand its defence capabilities.
The transaction signifies a notable development within the European defence industry. Leonardo's move to acquire Iveco's defence arm is now proceeding with regulatory approval from the European Commission, indicating confidence in the deal's structure and market impact.
