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Reuters
Reuters
Politics
Giuseppe Fonte, Angelo Amante and Gavin Jones

Exclusive-Italy annuls sale of military drones firm to Chinese investors, sources say

FILE PHOTO: Italian Prime Minister Mario Draghi holds his end-of-year news conference in Rome, Italy, December 22, 2021. REUTERS/Remo Casilli

Italy on Thursday annulled the sale of a military drones company to Chinese investors, three government officials told Reuters, the latest in a series of moves by Rome to curb Beijing's forays into the euro zone's third-largest economy.

The government opened an investigation last year into the 2018 sale to the Chinese players of a 75% stake in Alpi Aviation, based in northern Italy.

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