ITALY: Proposal to reduce Italy mandatory bid threshold to 15%

Monday November 11 2013

It is being reported that a cross-party group of lawmakers have signed a proposed amendment to Italy`s 2014 budget that would lower the threshold for Italy mandatory takeovers to 15 from 30%.

The amendment would require any shareholder who owns more than 15% of a company to launch a bid for all its listed shares if that stake is deemed to give them control.

Politicians from both chambers of Italy`s parliament can propose amendments to the budget. The motions will be debated and the package is expected to be finalised by the end of the month.

This information will be updated as further details become available.