The billionaire Agnelli family’s CNH Industrial NV ended talks to sell its Iveco SpA truck and bus unit to China FAW Group Co. after the Italian government signaled it would oppose the deal.
CNH abandoned the talks because the Chinese automotive group didn’t present an acceptable offer for Iveco, according to a person familiar with the discussions, who asked not to be identified discussing confidential deliberations. Italy’s government had signaled its opposition to CNH selling to a Chinese company and later praised the decision to pull out of the talks.
https://www.ttnews.com/articles/iveco-sale-talks-end-china-faw-italy-opposes
Presented by Romano Pisciotti