Word: istituto
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Dates: during 1964-1964
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...that they need the Agnelli syndicate to come in and buy one-third of Olivetti. To run Fiat and some 110 other companies that range from cement to Cinzano vermouth, Giovanni Agnelli's twelve heirs have put their combined holdings into a smoothly functioning holding company called Istituto Finanziario Industriale...
...Italian Senate approved a stabilizing program that restricts installment-buying and raises taxes on cars and gasoline, automaking Fiat and Innocenti threatened to fire thousands of workers. Olivetti also announced cutbacks and layoffs. But amid these signs of protest and trouble, business continued to be good for one giant, Istituto per la Ricostruzione Industriale, a state-run holding company that is the biggest enterprise in Italy...