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BREAKING NEWS

Italy PM surprised by EU decision on Fincantieri

Italy PM surprised by EU decision on Fincantieri
FILE PHOTO: Italian Prime Minister Giuseppe Conte holds his end-of-year news conference in Rome, Italy, December 28, 2018. REUTERS/Alessandro Bianchi -
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ALESSANDRO BIANCHI(Reuters)
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ROME (Reuters) - Italian Prime Minister Giuseppe Conte said on Tuesday he was surprised by the European Commission's decision to open an investigation into Fincantieri's <FCT.MI> planned acquisition of French counterpart Chantiers de l'Atlantique.

The European Antitrust authority said in a statement that France and Germany had asked it to investigate the tie-up between the two shipbuilders to see whether the transaction could significantly harm competition.

(Reporting by Alberto Sisto; writing by Francesca Landini)

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