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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