Italy Asks for New Review of ION $1.4 Billion Prelios Deal (1)

The Italian government is asking for an additional review to clear the planned acquisition of alternative asset manager Prelios SpA by Andrea Pignataro’s ION Group after decidingagainst using its special powers to block the deal.

The government is set to tell ION it will need to obtain another permission to complete the purchase after setting the final conditions for its financing, according to people familiar with the matter. Prime Minister Giorgia Meloni’s administration wants to make sure Prelios’ debt levels will remain sustainable after the acquisition by ION, they said.

The government decided against using its so-called ...