SWISSCOM AG Acquisition of Vodafone Italia
Italian Presidency of the Council of Ministers approves transactionFollowing the announcement of the acquisition of Vodafone Italia on 15 March 2024, Swisscom informs that the Italian Presidency of the Council of Ministers has unconditionally approved the acquisition pursuant to the Golden Power legislation.
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The Presidency of the Council of Ministers confirms in its resolution, received by Swisscom on 17 May 2024, that «the notified transaction does not determine a threat of serious prejudice to national interests and that, therefore, the conditions for the exercise of the special powers referred to in Article 2 of Law Decree No. 21 of 2012 do not occur».
Overall, the completion of the Vodafone Italia transaction is on track; it remains subject to further regulatory and other customary approvals. Closing is expected in Q1 2025.
The Golden Power legislation grants the Italian government special power to review and impose vetoes, special conditions and prescriptions on certain transactions, investments or corporate resolutions that could threaten or prejudice essential Italian public interests.
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media@swisscom.com
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Swisscom AG published this content on 21 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2024 07:02:07 UTC.
