The Beretta Model 12 are made under license in Belgium by a leading firearms manufacturer is owned by a holding company owned by whom?
Beretta M12:  It is also used by various South American, African and Asian countries, and made under license in Brazil by Taurus, in Belgium by FN Herstal and in Indonesia by PT Pindad. FN Herstal: Fabrique Nationale d'Herstal (French for: National Factory of Herstal), self identified as FN Herstal and often referred to as Fabrique Nationale or simply FN, is a leading firearms manufacturer located in Herstal, Belgium, and is owned by the holding company Herstal Group which is owned by the regional government of Wallonia.
the regional government of Wallonia