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News: Piaggio Narrows To Single Bidder; Final Negotiations Ongoing

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  1. Piaggio Narrows To Single Bidder; Final Negotiations Ongoing
    There may be light at the end of the tunnel for Piaggio Aerospace. The process for establishing a buyer for the company appears to be coming to an end with the lineup of bidders to take over the company reduced to just one entity. The negotiations are also said to be in the final stages with Piaggio hoping to wrap up the sale within a month. The single unnamed bidder at this stage has been a part of at least nineteen other entities vying to take over Piaggio Aero Industries and Piaggio Aviation, the two companies operating under the Piaggio Aerospace brand.
  2. Matters pertaining to Piaggio have been overseen by commissioner Vincenzo Nicastro since the company went into receivership in 2018. Back in March the company announced it had narrowed the list of contenders down to four. In July it is now a single bidder. A certain criteria has to be met. Some key points to meet that criteria Piaggio expects are "quality of the industrial plan, long-term vision, jobs preservation, and value of the offer."

    For more information:

    Piaggio Aero
    Viale Generale Disegna, 1
    17038 Villanova d’Albenga
    (Savona, Italy)
    www.piaggioaerospace.it

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