Merger and Acquisitions

On 1 August 2013, the aviation engines division of Avio SpA (14.3% held indirectly by Finmeccanica through BCV Investments SCA) was sold to General Electric for a net amount of €mil. 1,800.

For more information see also

 

 Press Release

 

 Annual Report 2013

On 23 December 2013 Finmeccanica completed the sale of a 39.55% stake in Ansaldo Energia for €mil. 277.
 

The remaining 15% held by Finmeccanica will be sold through a put&call option mechanism  between 30 June 2017 and 31 December 2017, with a cash inflow of €mil. 117, plus accrued interest of 6%.
 

The sale contract also provides for a possible earn-out worth up to €mil. 130 to be received by Finmeccanica linked to Ansaldo Energia’s attainment of the performance targets in the 2014-2016 three-year period, in addition to indemnities that may be payable byFinmeccanica in specific cases.
 

Under the broader process of reorganising and strengthening the Italian engineering industry, Finmeccanica and Fondo Strategico Italiano have agreed to assess opportunities for strategic transactions in the railway sector, including by inviting major international players to take part.

For more information see also

 

 Press Release

 

 Annual Report 2013

 

Information Document

23 December 2014, the formation of Industria Italiana Autobus ("IIA") was completed by King Long Italia (KLI), holding 80%, and Finmeccanica with 20%. The KLI business complex and a business unit of BredaMenarinibus (including all its industrial activities, except for certain prior contracts) were transferred to the new entity.

 

On 24 February 2015, Hitachi and Finmeccanica SpA signed a binding agreement for the sale of AnsaldoBreda’s current business (excluding certain revamping activities and certain residual contracts), as well as Finmeccanica’s entire stake in Ansaldo STS (40%)

 

On 2nd of November 2015  has been announced the closing of transactions relating to the acquisition by Hitachi regarding the business of AnsaldoBreda S.p.A, and Finmeccanica’s entire economic interest in Ansaldo STS S.p.A.

For more information see also

 Press Release

 

 

 Press Release

 

 

 

 Press Release

On the 6th of October Finmeccanica S.p.A. signed today an agreement with DANIELI Group to sell the 100% of Fata S.p.A, active in the field of industrial plant engineering, including its subsidiaries in USA (Fata Hunter), India (Fata Engineering), China (Fata Shanghai) and UAE (Fata Gulf).

For more information see also

 

 Press Release

 

 

 

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