Finmeccanica he signed with Danieli Group the agreement for the sale of 100% of Fata, a company active in the design of industrial plants, and its subsidiaries in the United States (Fata Hunter), India (Fata Engineering), China (Fata Shanghai) and the UAE (Fata Gulf).
The closing of the transaction is expected in first quarter of 2016. No details have been released on the transaction value.
The full investment in Fata Logistic Systems and some active items which will therefore be identified before the closing do not form part of the sale agreement.
Fata has around 200 employees and annual revenues of around 150 million euros. In addition, it boasts some proprietary technologies in the field of metal rolling plants.
The sale of the company by Finmeccanica – continues the note – represents a further step in the implementation of the Business Plan, aimed at focusing and strengthening the group in the core business of aerospace, defense and security.
Yesterday the share on the Finmeccanica Stock Exchange rose by 2,6%: in addition to the agreement with Danieli, the fact that Giuseppe De Giorgi, Chief of Staff of the Navy, announced a plan to 12 new ships with "repercussions on Fincantieri and Finmeccanica".
