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Weichai did it. The Chinese state industrial conglomerate now controls the board of directors of Ferretti, the world’s leading Italian group for the production of luxury yachts. In addition to holding 39.5 percent of the shares, the Chinese grip is tightening around the historic brands of Italian yachting with eight loyal members out of nine of the board of directors. But as we wrote in Dossier, there is more: the “FSD” security division is tempting the Chinese and worries the government, given the supplies to the Carabinieri, Navy and Penitentiary Police. The theme, from golden power, has arrived at Palazzo Chigi, while at least two other ministries are investigating and studying action plans, with Guido Crosetto’s department at the forefront. The background: shortly before the vote at the shareholders’ meeting, movements around the shareholder structure pushed Weichai to victory, with state banks and historic investors from Beijing institutions. Dossier has reconstructed who I am.
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