The Chinese central bank has
bought 2.001% of storied Milan merchant bank Mediobanca,
Milanese bourse regulator Consob reported Tuesday.
In recent months the People's Bank of China has been found
to have stakes in Italy's largest listed companies: Generali,
Eni, Enel, Prysmian, Telecom and Fiat.
Meanwhile, the huge utilities company the State Grid
Corporation of China has now acquired 35% of CDP Reti - the
parent company of the energy and gas distribution networks Terna
and SNAM - while Shanghai Electric has bought a 35% stake in
Ansaldo Energia.
The threshold to make public a company's presence as a
shareholder is 2%, and in all the operations that have come to
the public eye the Chinese stake is just over that, implying
that they have decided not to keep as low of a profile as they
normally do.
The People's Bank of China has taken a 2.014% stake in one of
Italy's
largest insurance companies Generali, national financial market
regulator Consob said Friday.
It's the latest in a string of strategic purchases by the
Chinese central bank in major Italian firms.
In recent months, the bank has bought up shares in
Torino-based automaker Fiat, Telecom Italia, cable-maker
Prysmian, and energy majors Eni and Enel.
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