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Romani wants Europe to get involved in Draka takeover

Tuesday 30 November 2010 | 11:04 CET | News
The Italian Minister of Industry Paolo Romani is calling for Europe to get involved in the takeover of Dutch cable producer Draka, Het Financieele Dagblad reported. The company operates in a strategic sector and should therefore remain in European hands. Romani seems to have found little support for his view in the Netherlands. According to the Dutch daily, the Dutch authorities have presented no objection to a takeover. Draka received a bid from Italian company Prysmian and from China's Xinmao on the same day.

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Categories: Fixed / Internet
Companies: Draka / Prysmian / Xinmao
Countries: China / Europe / Italy / Netherlands / World
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