Mubadala to inject EUR 225m in Piaggio Aerospace

Abu Dhabi  - Mubasher: Mubadala Investment Company will inject EUR 255 million ($303 million) in Piaggio Aerospace, the Italian company said on Thursday

This part of the complete financial restructuring, which includes a total buyback of the company’s debt from banks by the Emirati sovereign wealth fund, as reported by Reuters.

The group will start new production strategy for its P180 turbojet and will evaluate potential partnerships.

Mubasher Contribution Time: 22-Dec-2017 13:17 (GMT)
Mubasher Last Update Time: 22-Dec-2017 13:17 (GMT)