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Tag: mergers and acquisition

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Leonardo Sells Underwater Armaments Systems to Shipbuilder Fincantieri; Roberto Cingolani Quoted

Leonardo is divesting its business line responsible for making torpedos. The defense company signed a definitive agreement with Fincantieri, one of the biggest shipbuilders in Europe, for the sale of Underwater Armaments Systems for up to $447 million. In a press release, Leonardo said Fincantieri will pay a fixed amount of about $323 million for...