Fiat chmn sees Fiat Avio sale sealed "in hours"

Newswire

SIENA, Italy, June 30 (Reuters) - Fiat should seal a long-awaited deal to sell its aviation unit Fiat Avio to private equity group Carlyle and Italy's Finmeccanica "in a matter of hours", Fiat Chairman Umberto Agnelli said on Monday. Carlyle and defence group Finmeccanica signed a memorandum of understanding to buy Fiat Avio in April, and Agnelli had previously expected the deal to be closed by the end of May. Talks have dragged on, with quibbles reportedly including the price for Fiat's ...

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