Italian Defense Firm Leonardo to Sell Part of Its Avio Stake
Leonardo SpA, one of Europe’s largest defense and aerospace companies, is selling a minority stake in rocket maker Avio SpA through an accelerated placement to institutional investors to help fund...
By Daniele Lepido · Bloomberg Markets
Leonardo SpA, one of Europe’s largest defense and aerospace companies, is selling a minority stake in rocket maker Avio SpA through an accelerated placement to institutional investors to help fund the company’s €400 million ($467 million) capital increase.