Italy's Piaggio Aerospace opens data room to potential buyers
27/07/2023 15:33
MILAN, July 27 (Reuters) - Italy's Piaggio Aerospace, a
maker of planes and drones which filed for protection from
creditors in late 2018, said on Thursday 13 potential buyers,
out of 18 who had expressed an initial interest, were granted
access to its data room.
The company' special administrators did not name the
suitors, but said in a statement they include "very interesting
companies and consortiums, mostly with a strong industrial
footprint and interested in taking over the firm as a whole".
The commissioners said potential buyers will be granted
access to the company's data room until the end of August and
will subsequently be asked to submit binding bids in order to
close a deal by year-end.
(Reporting by Elvira Pollina, editing by Alvise Armellini)
((elvira.pollina@thomsonreuters.com;))