Press Room

Walsin Lihwa’s investment in Italian steelmaker CAS receives the Italian government acquisition approval
2022.09.30

Taipei, September 29 — Walsin Lihwa’s equity investment in Cogne Acciai Speciali (CAS) in Italy has been approved by the Italian Presidency of the Council of Ministers with its Golden Power governing M&A in specific industries.

Prescriptions provided by the Italian Presidency of the Council of Ministers are in line with the integration strategy originally envisioned, which is considering the Aosta Plant as a key development platform.

In Taiwan, the equity investment has also been approved by the Investment Commission, Ministry of Economic Affairs and the Fair Trade Commission, Executive Yuan respectively on September 26 and 28. The transaction between Walsin Lihwa and CAS is expected to be completed by the end of this year.