Industrial Policy & Trade Monitor· 2665 actions· ✨ 90 recent

Law No. 4 of 15 January 2026 (Gazzetta Ufficiale n. 15 of 20 January 2026, in force 21 January 2026) converted with amendments Decree-Law No. 175 of 21 November 2025 ("Transizione 5.0"). During parliamentary conversion the Camera dei Deputati inserted a new Article 2-bis that materially expands Italy's Golden Power foreign-investment screening regime (DL 21/2012) into the financial, credit, and insurance sectors — the first explicit statutory inclusion of banking and insurance qualifying-holding transactions inside the Golden Power perimeter. The amendment introduces "national economic and financial security" as a public-order criterion alongside the traditional security and public-order profiles, and conditions exercise of special powers in the financial sector on the prior conclusion of pending European prudential and competition proceedings (ECB / EIOPA / EU Commission).

Italy's national development bank Cassa Depositi e Prestiti (CDP), together with a banking consortium led by Intesa Sanpaolo (including Crédit Agricole and Banca Popolare di Sondrio), provided a EUR 56 million financing package to ICAM SpA, an Italian chocolate and cocoa semi-finished products manufacturer based in Orsenigo (Como province). Of the total, EUR 40 million is earmarked for expansion of the Orsenigo production facility — including a new production building, an innovation centre for chocolate recipe development, energy-efficient automated machinery, and enhanced raw-material traceability systems — while EUR 16 million supports the company's capital structure. The expansion will add over 23,000 square meters across four levels and raise production capacity from 30,000 to 50,000 tons annually by 2027.