Reuters – Italy’s Avio in Sale Talks Listing Hopes Fade

The private equity owners of Italy’s Avio are pressing ahead with talks to sell the airplane engine parts maker, as a planned listing looks less likely, writes Reuters. Avio is owned by BCV Investments, in which Cinven private equity has a majority stake. A consortium of buyers made up of private equity funds CVC Capital Partners and Clessidra, and state-backed Fondo Strategico Italiano, are now pushing ahead with talks to buy Avio, writes Reuters.

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