(Adds details and background)
ROME, March 23 (Reuters) - A package of measures to
address the issues holding back Italy's capital markets and
reinforce the role of the 200-year-old Borsa Italiana could be
presented next week, Economy Minister Giancarlo Giorgetti told
parliament on Thursday.
As part of the package, the Italian Treasury plans to
enhance voting rights to persuade entrepreneurs to float their
businesses in Milan without worrying about losing control to
other investors, sources briefed on the matter told Reuters.
"I hope to present it next week," Giorgetti said of the
scheme, which would allow companies planning to list to issue
special shares that give existing investors a right to cast up
to 10 votes at shareholder meetings for each share owned,
surpassing the current limit of three.
The next cabinet meeting is scheduled for March 28,
government officials have said.
Rome studied solutions to extend differentiated voting
rights in the Treasury's Green Paper on capital markets
published a year ago, but the reform process was frozen due to
an election in September that saw nationalist Giorgia Meloni
become prime minister.
The package also includes measures to simplify the listing
process and make it less costly and cumbersome to provide
adequate risk disclosure for investors.
(Reporting by Giuseppe Fonte, editing by Gavin Jones and
Alexander Smith)
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