Share

Stock market, rumors about Avio Spazio push Finmeccanica

There would be at least five parties interested in taking over Avio Spazio – the subsidiary of Finmeccanica and of the Cinven investment fund (respectively with 14 and 81%) could be sold for an amount between 300 and 400 million euros.

Stock market, rumors about Avio Spazio push Finmeccanica

Sunny day in Piazza Affari for the Finmeccanica share, which at the end of the morning gained more than two percentage points, scoring one of the best increases in the Ftse Mib. Driving the actions of the group controlled by the Treasury are first of all the rumors about theinterest of at least five subjects in Avio Spazio. These would be three French companies, one German and one US. 

The subsidiary of Finmeccanica and the Cinven investment fund (respectively with 14 and 81%) could be sold for an amount between 300 and 400 million euros. However, the Italian group could choose to keep its stake in Avio Spazio even if Cinven decides to sell. Banca Akros analysts estimate that Finmeccanica could collect 42/56 million euros from the sale of its stake. 

Purchases of Finmeccanica stock are also supported by good rise by Ansaldo Sts, in turn determined by the assessments of Equita Sim analysts regarding extraordinary transactions and the business in Qatar. 

comments