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Leonardo S.p.a. (FINMF)
- Business Wire
Leonardo introduces ECOS-E multimode Radio Base Station, a significant leap forward in communication technology
GREENSBORO, N.C., March 26, 2024--Leonardo introduces new ECOS-E multimode Radio Base Station technology at the IWCE 2024 Connecting Critical Communications Show in Booth #1115.
- Reuters SG
Deals of the day-Mergers and acquisitions
** The Aston Martin Formula One team said on Thursday it had agreed on an investment by U.S. private equity firm Arctos Partners in exchange for a minority shareholding. ** Engineering consultant Jacobs Solutions Inc is in advanced talks to merge its government consulting arm at a valuation of more than $4 billion with private equity-owned Amentum Services Inc, people familiar with the matter said. ** Greece sold a 22% stake in National Bank (NBG), its second-biggest lender by market value, with the sale oversubscribed by more than eight times, a source close to the process told Reuters.
- Reuters
Leonardo focuses on European alliances as it trims DRS stake in US
Italy's Leonardo is trimming its stake in U.S. unit DRS as new CEO Roberto Cingolani looks to expand the state-controlled group with major roles in European defence projects. Leonardo late on Wednesday said it would launch a public secondary offering of 16.5 million shares, or a 6.3% minority stake in DRS, worth about $344 million, according to Reuters calculations, reducing its holding to just below 74%. The proceeds would increase the defence contractor's flexibility to finance accretive investments and acquisitions, it added in a statement.
