ROME, Oct 9 (Reuters) - Carmaker Stellantis is
on course to secure Italian government backing for its planned
sale of a majority stake in robotics business Comau to One
Equity Partners, a source close to the matter said on Wednesday.
So-called golden power legislation gives the government the
right to block or set conditions on deals concerning Italian
companies that operate in strategic sectors.
Speaking on condition of anonymity, the source said the
government was leaning towards conditional approval of the Comau
transaction.
One Equity, which invests in businesses in the industrial,
healthcare and technology industries in the United States and
Europe, is expected to take a 50.1% stake in the company, with
Stellantis ( STLA ) retaining the remaining 49.9%, Reuters reported
previously.
The deal has been criticised by Italian trade unions, which
called on Prime Minister Giorgia Meloni's government to
intervene.
A Comau spin-off from Stellantis ( STLA ) was part of agreements
between Fiat Chrysler and France's PSA, which merged in 2021 to
create Stellantis ( STLA ), a Franco-Italian-US conglomerate which
includes the Jeep, Peugeot, Fiat and Opel brands.
(Reporting by Giuseppe Fonte
Editing by Alvise Armellini and David Goodman
)