Two Chinese state firms took control of an Italian military drone maker more than three years ago via an offshore company — without the knowledge of authorities in Italy and Europe, the Wall Street Journal reported Monday. The offshore company, Mars (HK) Information Technology, started the process of transferring Alpi’s technical and intellectual property to a new production site in China, the report said. Mars had in July 2018 bought a 75% stake in Italian drone maker Alpi Aviation for 4 million euros, or $4.6 million, the Journal reported.
Full story : China took control of an Italian military drone maker without authorities knowing it, report says.
