In Reversal of History, Emerging Countries Buy Up European Assets

Italian Prime Minister Matteo Renzi attended the signing of a deal between Italian steelmaker Lucchini and Algerian conglomerate Cevital, Rome, Italy, Dec. 9, 2014 (Photo from the office of the Italian Prime Minister).
Italian Prime Minister Matteo Renzi attended the signing of a deal between Italian steelmaker Lucchini and Algerian conglomerate Cevital, Rome, Italy, Dec. 9, 2014 (Photo from the office of the Italian Prime Minister).
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In a reversal of historical trends, emerging countries are now going to great lengths to buy into portions of Europe’s sluggish industrial system. In the gloomy context of an old continent struggling to overcome the crisis that has been gripping its economies since 2007, businesses from developing nations are queuing to purchase valuable European assets, often in countries that were once their colonial rulers. As a consequence of the growing importance that their own countries have gained on the world stage, private and public managers from China, India and the Persian Gulf countries are now familiar figures in the governing […]

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