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Piaggio Aero: TATA Group new shareholder and strategic partner

Genoa, Italy - The Indian giant signed an important capital increase purchasing a third of Piaggio's stocks

Piaggio Aero announced that TATA Limited has agreed to acquire approximately one third stake to become one of the primary shareholders, alongside Ferrari and Di Mase families and Mubadala development company. Subject to approvals, Piaggio Aero Industries s.p.a. will be owned almost equally by the three co-primary shareholders. TATA Limited, a UK based subsidiary of TATA sons, has been representing...

AVIONEWS - World Aeronautical Press Agency - 1094885

AVIONEWS - World Aeronautical Press Agency
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