Article Abstract:
Some areas of Italian business and industry have been increasingly affected by the growing internationalisation of industry, with several mergers and acquisitions taking place. Deals within the food industry are slowing whilst the banking sector has seen an increasing number of mergers and acquisitions. Italian banks are having to reorganise and merge in order to cope with incompetencies within the industry and the privatisation initiative of the government. There is also increasing competition from overseas banks, with some foreign companies hoping to buy Italian banks.
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Article Abstract:
Banks have tended toward a new approach with regard to their European merger and acquisition activities, focusing less on countries and more on activities and sectors. This development reflects the globalization of the economy and the decreasing importance of national borders. Sectors which were important in Europe in 1994 include sugar and by-products of sugar. Deals include the acquisition of Bouquet D'Or by Cadbury Schweppes for 18 million pounds sterling.
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Article Abstract:
The unsettled political scene in Italy has in the past tended to deter companies looking to establish a presence in continental Europe from using this country as a springboard. However, it is worth looking closer at Italy, as it actually offers considerable benefits to acquirors. Italian companies are currently performing relatively well, and in 1994 there were 141 acquisitions worth 4.6 billion pounds sterling.
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