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Article: The Carlyle Group and Finmeccanica: Agreement for the Acquisition Of FiatAvio's Aerospace Business.
- Article from:
- Business Wire
- Article date:
- July 1, 2003
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Business Editors
MILAN--(BUSINESS WIRE)--July 1, 2003
The Carlyle Group and Finmeccanica have signed an agreement for the acquisition from Fiat Group of the aerospace businesses of FiatAvio SpA, a leading supplier to the aircraft engine industry 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 total value of the acquired ...