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

By Reuters News — 3 years ago

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.