Cinven To Sell Avio To Leonardo, Space2

LONDON—Private equity firm Cinven will sell Italian space launcher and propulsion company Avio Space Propulsion to Leonardo-Finmeccanica and Space2, the group announced Oct. 20. The sale’s total value has not been disclosed, but Leonardo said its share of the purchase cost €43 million ($47 million)...
Tony Osborne

Based in London, Tony covers European defense programs. Prior to joining Aviation Week in November 2012, Tony was at Shephard Media Group where he was deputy editor for Rotorhub and Defence Helicopter magazines.

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