Italy Set to Pass Bill Aimed at Reinforcing Capital Markets
Italy is expected to pass today a bill designed to bolster the capital markets and fortify the Milan Stock Exchange in order to make it competitive with other European exchanges.
Prime Minister Giorgia Meloni has scheduled a cabinet meeting for 1300 GMT to approve the scheme.
The measures proposed aim to simplify the listing process and attract new companies to the Borsa Italiana.
This comes after the delisting of prominent companies, such as Atlantia, from the Milan Stock Exchange in recent years.
The bill allows non-listed companies to issue special shares that grant existing investors the right to cast up to 10 votes for each share owned, a privilege not afforded by other bourses like Amsterdam. These shares will be preserved even after the initial public offer.
