Within “International M&A” column, Carlo Scarpa and Ivan Rigatti of Tonucci & Partners have explored the main aspects that characterize a cross-border merger between two companies with headquarters in different countries.

The analysis is focused on the current European legislation which facilitates operations aimed at restructuring multinational groups at a European level such as, for example, the case of an Italian parent company interested in diminishing the corporate supply chain by incorporating one of its sub-holdings located in Netherlands.

Getting to know specific elements of a cross-border operation helps to address them and, in the future, to resolve them. Compared to a domestic operation, a different cultural approach is neccessary and this certainly leads to an advantage while negotiating as well as to a more likely final success.