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Post by Jeff on Mar 18, 2017 15:30:55 GMT
Italian paper reports govt has decided to break up Leonardo-Finmeccanica & sell off its component parts
Rumours are AgustaWestland sold to Lockheed; Alenia, space biz & MBDA stake to Airbus & electronics to thalesgroup
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Post by bizfreeq on Mar 18, 2017 20:55:51 GMT
Italian government have stated that this 'news' is completely fabricated and is just a rumour put out because the company has a new CEO.
Cheers
Mark
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Post by gtf4j2m on Mar 18, 2017 21:06:45 GMT
I find it very hard to believe that the Italian Govt could break up & sell Leonardo /Finnmecannica when it is a private company and not Government owned. What the shareholders think of this & what news like this would do to the share price I cannot contemplate.
Graham
GTF4J2M
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Post by bizfreeq on Mar 18, 2017 21:16:30 GMT
It is state controlled Graham. This from Defence News:
The Italian government on Saturday named a veteran Italian banker, Alessandro Profumo, to run state controlled defense group Leonardo, replacing CEO Mauro Moretti who had finished his three year mandate.
It is this appointment that led to the false reporting of the break up
Cheers
Mark
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