KEY POINTS
  • The new leader of the Five Star Movement (M5S) party in Italy, 31-year-old Luigi Di Maio, told CNBC that he would welcome support from rivals in a coalition after next year's election
  • But he added that he wouldn't give away cabinet seats in exchange for necessary backing

The new leader of the Five Star Movement (M5S) party in Italy told CNBC that he would welcome support from rivals in a coalition after next year's election, but added that he wouldn't give away cabinet seats to receive the necessary backing.

The 31-year-old Luigi Di Maio was appointed at the party conference this weekend in the coastal town of Rimini. Out of 37,000 votes cast, Di Maio secured 30,000 making him the effective leader.