We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

E.C. Shakes Head At Golden Share For Telecom Italia

Law360 (September 13, 2006, 12:00 AM EDT) -- Amid mounting concerns over Telecom Italia SpA’s sale of its mobile arm Telecom-TIM, the European Commission on Wednesday warned against government use of special veto rights to block company asset sales, just days after it said a similar “golden share” proposal by France appears to be legal.

European Union internal markets spokesman Oliver Drewes said while the Commission has no “concrete information” on what is planned in Italy, “as a very general remark, I can make the observation that golden shares as such have no place...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.