GE Drops $4.3B To Buy Avio's Aviation Business From Cinven
The Connecticut-based global company will acquire Avio's aviation business from Cinven, which has owned Avio since 2006, and Italian government-backed aerospace conglomerate Finmeccanica SpA. Avio currently provides GE's aerospace unit, GE Aviation, with aircraft components.
The $4.3 billion purchase price is roughly eight and half times Avio's estimated 2012 earnings before interest, taxes,...
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