Golden Power Walsin Lihwa Corporation – Cogne Acciai Speciali Agreement
Authorization approved by the Italian Prime Minister's Office and by Taiwan’s Investment Board, Ministry of Economic Affairs and the Fair-Trade Commission
On September 29th, the Italian Presidency of the Council of Ministers provided its Golden Power recommendations, approving the transaction between Cogne Acciai Speciali SpA and Walsin Lihwa Corporation, with some prescriptions.
The prescriptions are welcomed and are in line with the integration strategy originally envisioned, which is considering the Aosta Plant as a key development platform.
The closing of the deal is expected to happen until the end of 2022.
This transaction has also been approved by Taiwan’s Investment Board, Ministry of Economic Affairs on September 26th, and the Fair-Trade Commission on September 28th.