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Aircraft and engines. General Electric prevailed over France's Safran to acquire Avio, sources said

Turin, Italy - The Turin's company was evaluated roughly 4 billion dollars, the announcement could arrive in a few days

According to reliable sources, US' giant General Electric (GE) prevailed, with a 3-billion-Euro offer on France's Safran to acquire Avio from BCV Investment, whose majority stake is owned by UK's private equity fund Cinven. The agreement has not been formalized yet, but an announcement should come in the next few days, before Christmas holidays. Avio, whose activities are focused on the production...

AVIONEWS - World Aeronautical Press Agency - 1148373
Rome, Italy, 12/18/2012 16:08
AVIONEWS - World Aeronautical Press Agency

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