Italian PM rejects press reports of Leonardo-Fincantieri merger plans

FILE PHOTO: Italy's Prime Minister Giuseppe Conte talks during the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2019. REUTERS/Arnd Wiegmann - Copyright ARND WIEGMANN(Reuters)

By Reuters

Published on 30/01/2019 - 13:04•Updated 26/04/2024 - 00:06

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MILAN (Reuters) - Italian Prime Minister Giuseppe Conte on Wednesday dismissed press reports saying that the government was considering a possible merger between state-owned defence group Leonardo and shipbuilder Fincantieri.

"We are absolutely not thinking about mergers. There is nothing of the kind, nothing on the table. I've been informed about these press reports that quote government sources. I absolutely reject these rumours," Conte told reporters on the sideline of an event.