(Finance) – The Presidency of the Council of Ministers communicated to Femto Technologies ea First Industriesa group listed on Euronext STAR Milan and active in the field of laser systems for industrial applications and sheet metal working machines, the decision to not to exercise special powers over corporate structures and activities of strategic importance pursuant to Legislative Decree 21/2012 (the so-called golden power legislation).
The obtainment of this authorization received from the Italian authority is one of the various foreign direct investment authorizations which have been requested from the authorities for the approval of the sale of the majority of the company. Following the closing, the buyer will be required to launch a mandatory full takeover bid (takeover bid) on the remaining shares.