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Home PREMIUM ItaHub ItaHub Legal

Investors in Italian cloud and 5G companies now must take the government’s Golden Power into account

Giuliano Castagnetoby Giuliano Castagneto
May 30, 2023
Reading Time: 3 mins read
in ItaHub Legal, ItaHub Trend, ITALY, VENTURE CAPITAL
Investors in Italian cloud and 5G companies now must take the  government’s Golden Power into account

Italian Prime Minister Giorgia Meloni attends his year-end press conference in Rome, Italy, 29 December 2022. ANSA/GIUSEPPE LAMI

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by Giuliano Castagneto

Last 16 March the Cabinet led by mrs Giorgia Meloni blocked the sale of the Italian hi-tech company Tecnologia Intelligente srl to Dutch Law-incorporated Nebius BV, a spin off of the Russian internet giant Yandex, controlled by the olygarch Arkady Volozh, to which e which Nebius is reportedly still linked. It was the firt time that the Italian government made recourse to the strengthened version of the government's special power (the so-called. . .

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