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Sovereign Wealth Funds Briefing - Categorized | Investment

Mubadala and Tata increase equity in Piaggio Aero

Posted on 13 November 2013

Mubadala and Tata are injecting an additional €190 million ($253 million) into Italian airframer Piaggio Aero, increasing their combined stakes to 85.5%. The move comes as the Genoa-based company switches its focus increasingly towards the special missions market and away from the flat-lining business aircraft sector.
Earlier this year Piaggio Aero unveiled an unmanned intelligence, surveillance and reconnaissance version of its flagship P180 Avanti II twin-pusher called the P.1HH HammerHead………………………………………..Full Article: Source


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