Cinven to sell Avio Space Propulsion to Space2, Leonardo-Finmeccanica

Cinven said Oct. 20 that it agreed to sell Avio Space Propulsion to Space2 and Leonardo-Finmeccanica. Financial terms weren’t announced. Avio Space, of Colleferro, Italy, operates space launchers and space propulsion. Cinven, along with Finmeccanica as a minority shareholder, acquired Avio Space in December 2006 from the Carlyle Group for 2.57 billion euros.

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