Telecom Italia takeovers: Chinese boxing clever
Abstract
During the recent past there have been two successive and successful takeovers of Telecom Italia, in both cases by other Italian companies and employing the device of “Chinese boxes” to secure control without the need either to hold a majority stake in the acquired company or to pay much regard to the interests of minority shareholders. This raises into question the extent to which “Anglo‐Saxon” attitudes in financial markets are making inroads in continental Europe; the willingness of continental European governments to permit foreigners to acquire control of the “commanding heights” of their economies; and the manner in which the European telecommunications sector is being restructured.
Keywords
Citation
Curwen, P. (2003), "Telecom Italia takeovers: Chinese boxing clever", European Business Review, Vol. 15 No. 1, pp. 38-47. https://doi.org/10.1108/09555340310455182
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited