The boss of Carnival's Italian subsidiary again blamed the Costa Concordia's captain for the tragedy.

Fiat will maintain a 25 percent stake in the group formed from merging Telettra with Alcatel's Italian subsidiary.

Although positive results were initially recorded, the Italian subsidiary went on to produce negative figures in later years, leading to its closing down in 2010.

In 2001 was established the Italian subsidiary.

The Italian subsidiary specializes in consumer and small-business banking through a network of 52 branches.

And he said the Italian subsidiary was developing a "more civilized" model intended to sell in somewhat larger numbers.

Raytheon sent him to Rome in 1960 to set up an engineering department at a new Italian subsidiary.

In 2006 the subsidiary in Spain was founded, 2007 the Italian subsidiary followed, 2008 France and 2011 China.

Last year, when Texaco decided to leave Italy, the family bought its Italian subsidiary, along with 850 service stations.

The Italian subsidiary was run by a German engineer, Ermanno Spindler.