Italy’s Draghi Vetoes 3rd Chinese Takeover This Year

Italy’s Draghi Vetoes 3rd Chinese Takeover This Year
Italy's Prime Minister Mario Draghi reacts after speaking during a news conference at the end of the G20 summit in Rome, Italy, on Oct. 31, 2021. Yara Nardi/Reuters
Reuters
Updated:

ROME—Italy’s Prime Minister Mario Draghi has vetoed the third Chinese takeover in the country since his government took office in February, an official Hong Kong filing by the rebuffed group showed on Tuesday.

Zhejiang Jingsheng Mechanical said Rome had blocked its attempt to set up a joint venture with the Hong Kong arm of Applied Materials to buy the U.S.-based group’s screen printing equipment business in Italy.