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Leonardo SpA has agreed to purchase Iveco Defence Systems from Iveco Group for an enterprise value of €1.7 billion (approximately $1.95 billion). The transaction will shift ownership of the military-vehicle manufacturer to Italy’s largest defense contractor and advances Iveco Group’s previously signaled plan to break up its business. Further details on closing conditions were not disclosed in the initial announcement.
Iveco ….Leonardo buying its defense ops
Iveco agreed to sell its defense unit to Leonardo for an enterprise value of €1.7 billion ($1.95 billion), in a step toward a planned breakup of the maker of commercial trucks and military vehicles https://t.co/yr8wsnyCTh
*LEONARDO TO BUY IVECO DEFENCE FOR €1.7B ENTERPRISE VALUE
