M&L Consulting Group's participation in the Industria Felix event in Turin on April 9, 2026

Turin, April 9, 2026 - The 69th Industria Felix Award – Italy that Competes took place at the Union of Industries of Turin, an event aimed at recognizing 42 companies from Northern Italy, selected through an algorithm that evaluates performance, financial reliability, and management skills. Representing M&L Consulting Group among the distinguished participants, Dr. Giancarlo Marengo, senior consultant at M&L Consulting Group and Studio Locatelli & Associati, played a prominent role with his in-depth speech on the landscape of M&A operations and a reflection on the advantages of creating a holding company. His presentation sparked great interest, further confirming Dr. Marengo's and M&L Consulting Group's commitment to supporting Lombard companies in staying competitive and at the forefront of an increasingly challenging market.

​​​​​​​​​​​​​On the occasion of his first intervention, Dr. Marengo discussed the principle of "one share, one vote" and how it can be overcome by companies through the use of certain legal tools. In particular, he explored the possibility of maintaining control within a company while holding only a minimal stake, by separating the financial component from the administrative one through the differentiation of categories of shares or equity. Specifically, he cited as an example multiple-vote shares, self-managing shares, and the financial rights of members in LLCs.

During his second intervention, Dr. Marengo highlighted the advantages in terms of taxation, governance, future management transition, and financial management that the creation of a holding company offers to an entrepreneur who holds multiple personal stakes. In particular, he focused on the tax benefits that an entrepreneur can achieve through the controlled realization regime, as it allows for the transfer of stakes at a lower fiscal value, thus reducing inheritance tax.

During the continuation of the conference, Dr. Biancamaria Prete, senior consultant at M&L Consulting Group, took the floor to award some of the 42 most deserving companies from Northern Italy.

Participation in the Industria Felix Award has further strengthened the commitment of M&L Consulting Group and Studio Locatelli & Associati in supporting businesses through cutting-edge strategic, tax, and corporate solutions, with a focus on competitiveness and innovation.