Finmeccanica set to close Fiat Avio deal - paper

Newswire

MILAN, May 17 (Reuters) - Italian defence and engineering firm Finmeccanica expects to close soon a planned joint acquisition of Fiat Avio, Fiat's aerospace unit, Finmeccanica's chairman was quoted as saying on Saturday. In the joint deal with U.S. private equity fund The Carlyle Group, Finmeccanica said it would take a 30 percent stake in Fiat Avio, a leading contractor to Italy's armed forces and Fiat's most profitable unit. "We are about to close (the deal)," Finmeccanica's chairman ...

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