March 23, 2011 / 6:27 PM / 8 years ago

Italy business group criticises govt on Parmalat move

ROME, March 23 (Reuters) - Government measures that could stymie a bid for Parmalat (PLT.MI) by French dairy giant Lactalis risk weakening Italy’s capacity to attract foreign investment, Italian business group Confindustria said on Wednesday.

The Italian government has been considering measures that would restrict foreign takeovers of companies in the food, energy, defence and telecoms sectors at a time when Parmalat is engaged in a battle for control with Lactalis.

“Targeted interventions in individual cases, such as the one included in the so-called anti-takeover decree not resolve the fundamental issue and, by changing the rules of the game while it is being played, risks further weakening Italy’s capacity to attract foreign investment,” Confindustria said in a statement.

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