Italy annuls sale of military drones firm to Chinese investors, insiders say

Source: China – South China Morning PostItaly on Thursday annulled the sale of a military drones company to Chinese investors, three government officials said, the latest in a series of moves by Prime Minister Mario Draghi to curb Beijing’s forays into the euro zone’s third-largest economy.The government opened an investigation last year into the 2018 sale to the Chinese players of a 75 per cent stake in Alpi Aviation, based in northern Italy.Rome decided to annul the deal after the probe concluded that those involved should have…Read More

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