Carlyle interested in joint Fiat Avio bid-source

Newswire

ROME, March 20 (Reuters) - U.S. private equity firm is interested in placing a joint bid for Avio, Fiat's aviation unit, along with state-controlled defence group Finmeccanica , an industrial source said on Thursday. Shares in struggling industrial giant Fiat were down over two percent in morning trade, the biggest decliner on the Milan bourse, on reports French aviation group Snecma had pulled out of talks to buy its Avio unit. The source added that the planned joint bid would not be ...

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