The Carlyle Group and Finmeccanica -- Agreement for the acquisition of FiatAvio's aerospace business.

0 Comments | M2 Presswire, July, 2003

M2 PRESSWIRE-2 July 2003-Carlyle Group: The Carlyle Group and Finmeccanica -- Agreement for the acquisition of FiatAvio's aerospace business(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:07022003 Milan -- The Carlyle Group and Finmeccanica have signed an agreement for the acquisition from Fiat Group of the aerospace businesses of FiatAvio SpA, the leading Italian manufacturer of aircraft and naval engines and a leader in space propulsion.

The acquisition will be carried out through a special purpose vehicle, Avio Holding SpA, which will be 70 owned by The Carlyle Group and 30 by Finmeccanica. Avio Holding will purchase the entire share capital of Avio SpA, to which all aerospace businesses of FiatAvio have been transferred with effect from July 1, 2003. The...