by Redazione
The group placed 2.6 million shares at €37.50 each, retaining a 19% stake. A 90-day lock-up has been agreed on remaining shares
Leonardo S.p.A. has announced the successful completion of its accelerated bookbuilding process for the sale of approximately 2.6 million ordinary shares of Avio S.p.A., representing around 9.4% of the aerospace company’s share capital.
The transaction, launched and concluded within less than 24 hours, allowed Leonardo to partially divest its holding while retaining a significant stake in Avio, which now stands at approximately 19%.
The placement price was set at €37.50 per share, resulting in gross proceeds of over €97 million. Settlement of the transaction, including delivery of the shares and payment, is scheduled for October 31, 2025.
In connection with the transaction, Leonardo has committed to a 90-day lock-up period on its remaining Avio shares, aligning with standard market practice and indicating no further near-term sales.
The operation was supported by three major financial institutions—Intesa Sanpaolo, Jefferies, and Morgan Stanley—acting as Joint Global Coordinators and Joint Bookrunners.
(Associated Medias) – all rights reserved
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