MILAN Oct 5 Italian aerospace company Avio,
which is partly owned by defence group Finmeccanica,
may list its shares on the Milan bourse through a business
combination with Space2, the special purpose acquisition company
(SPAC) said on Wednesday.
SPACs like Space2 are publicly-traded buyout companies that
raise money from investors in an initial public offering in
order to then acquire an existing private company.
In a statement issued at the behest of Italian market
authorities, Space2 said it was assessing various target
companies including Avio, but had not yet reached a binding
Daily MF reported on Wednesday Avio, which is majority owned
by private equity firm Cinven, was in talks with Space2. Avio's
chief executive told Les Echos on Tuesday the group would soon
(Reporting by Valentina Za; editing by Francesca Landini)