A report was presented this morning at the Embassy of Italy on mergers and acquisitions completed between 2013 and 2016 involving Italian companies with a turnover of between €50m and €500m. The report was presented at an event organised in collaboration with the law firm Hogan Lovells and was based on a study carried out by the firm and the Polytechnic University of Milan‘s School of Management.
“Italy inbound: look no further. Foreign direct Investment in Italy”, was attended by around 120 specialists in finance and economics. It was opened by the ambassador, Raffaele Trombetta, who observed that the growth in FDI in Italy, with investment amounting to €29bn over the four-year period covered by the study, is clear evidence of a link between financial flows and Italy’s economic recovery. He also noted that of the 39 investor countries recorded by the study, the UK is comfortably in second place (after the US) by number of M&As, with 29 individual investments.
The presentation highlighted how Italy’s integration into the global economy has had a positive impact on the country’s economic cycle: in 2016 alone, the M&As examined amounted to almost €13bn, showing 2016 to be a key year in Italy’s recovery. The upturn can also be attributed in part to the package of economic reforms implemented in recent years.
The event was part of a series held by the embassy to give periodic updates for London-based financial operators on Italy as a business and investment destination.
For further information please contact: press.italyinuk@esteri.it
