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Italy's Brembo to move to Amsterdam to increase M&A options
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +2 min
MILAN, June 20 (Reuters) - Italy's Brembo (BRBI.MI) is to move its legal headquarters to the Netherlands and strengthen its loyalty share scheme in a move aimed at increasing M&A opportunities, the premium brake maker said on Tuesday. The announcement follows similar moves by other major Italian companies, including Ferrari (RACE.MI), Exor (EXOR.AS), Mediaset (MFEB.MI) and Campari (CPRI.MI), to establish in the Netherlands to enjoy the benefits of the country's favourable loyalty share legislation. Brembo's tax residence will remain in Italy while its shares will continue to be listed in Milan, the group said. "Brembo intends to continue to grow and remain a competitive key player in the global automotive market that is currently undergoing a great transformation," he said. Reporting by Giulio Piovaccari and Francesca Landini; editing by Keith Weir and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.
Persons: Brembo, Matteo Tiraboschi, Camfin, Marco Tronchetti Porvera, Giulio Piovaccari, Francesca Landini, Keith Weir, Conor Humphries Organizations: MILAN, Ferrari, Brembo's, Citigroup, Brembo, Pirelli, Thomson Locations: Netherlands, Italy, Milan
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