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Aircraft and finance. Italian Avio: stop to the sale of Cinven shares

Turin, Italy - The evaluation by Cvc Capital and Clessidra has been considered too low

United Kingdom's company Cinven blocked the cession of its subsidiary Avio SpA, since the assessment given to the Turin firm by Cvc Capital and Clessidra has been considered too low: the offer which has been lodged was 2.9 billion Euro which, considering the 1.4-billion-Euro debt would have implied a 1.5-billion-Euro operation for the two private equity firms. Considering that Avio's EBITDA (Earnings...

AVIONEWS - World Aeronautical Press Agency - 1147347
Rome, Italy, 11/15/2012 13:32
AVIONEWS - World Aeronautical Press Agency

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