Probe at Ansaldo after Hitachi takeover

Investigators at Ansaldo's Genoa headquarters

(ANSA) - Genoa, March 16 - Investigators are conducting a search at the Genoa headquarters of railway signalling company Ansaldo, ANSA learned on Wednesday.
    In recent days, the Japanese Hitachi group closed a complicated takeover of Ansaldo STS, which ANSA sources say is the basis for the Milan prosecutor's probe.
    Italian market regulator Consob and the Lazio regional administrative court both became involved in the deal after Consob determined that the initial share price set by Hitachi for Ansaldo shares was too low.
    Only 6.4% of minority shareholders took up Hitachi's mandatory tender offer.
    Hitachi now has a 46.5% stake in the group after acquiring just over 40% from Italian aerospace and defense giant Finmeccanica last year.
   

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