Avio Talks Stalled Over Price

Talks between buyout shop Cinven and suitors for Italian aerospace company Avio have stalled over price and political concerns about selling to an international buyer, Reuters reported. Avio provides engine parts for the Eurofighter Typhoon and supplies parts to General Electric and Rolls Royce, Reuters wrote. Avio could reportedly fetch more than 3 billion euro ($4.1 billion). Cinven has held discussions with several potential buyers, including Bain Capital, CVC and Clayton Dubilier & Rice.

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