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Stock Exchange: Leonardo negotiates with Airbus, the title at its highest level for a month

The Italian group shines in Piazza Affari – Rumors speak of a 1,1 billion offer from Airbus for Leonardo's 25% stake in Mbda.

Stock Exchange: Leonardo negotiates with Airbus, the title at its highest level for a month

The stock of Leonardo Finmeccanica. At the end of the morning, the group's shares gained 1,65% in Piazza Affari, reaching a month-long high of over 10,3 euros per share. In the same minutes the Italian price list marks a +0,34%.

Leonardi's quotations are driven by contacts in an advanced stage, as also confirmed by the European manufacturer's number one Tom Enders, with Airbus for the reorganization of the missile joint venture mBDA. According to rumors, in fact, Airbus would have offered 1,1 billion for Leonardo's 25% share in Mbda.

Despite some misgivings from trade unions and the Ministry of Defense, Leonardo's share is advancing and a possible sale could proceed in parallel with the reorganization of ATR, the joint venture between Leonardo and Airbus specializing in regional turboprop airliners.

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