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Helicopters and finance. Babcock ready to purchase Avincis for 1.1 billion Euros

London, United Kingdom - "Joining forces will allow the strengthened group to access new markets and customers"

Babcock International Group announced it planned the acquisition of Avincis Group, parent company of Bond Helicopters and Inaer, for 920 million pounds (roughly 1.1 billion Euros). According to the conditional agreement signed by the parties, Babcock will also assume Avincis’s net debt of 705 million pounds (850 million Euros). In order to finance the operation, Babcock will launch a capital increase, w...

AVIONEWS - World Aeronautical Press Agency - 1159326
Rome, Italy, 04/01/2014 13:36
AVIONEWS - World Aeronautical Press Agency

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