Fiat chairman sees Avio deal closed in next week

Newswire

ROME, May 22 (Reuters) - Fiat expects to close a deal to sell aviation unit Fiat Avio to U.S. fund Carlyle and Italian defence group Finmeccanica in the next week, Chairman Umberto Agnelli said on Thursday. Fiat and Carlyle signed a memorandum of understanding on the Avio sale on April 7, putting an enterprise value of 1.6 billion euros on the Fiat group's most profitable unit. Due diligence was expected to last about five weeks. Asked when the deal would be sealed, Agnelli told ...

Premium Content (PAID Subscription Required)

"Fiat chairman sees Avio deal closed in next week" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×