Tag: Italy’s Avio

GE to buy aviation unit of Italy’s Avio for $4.3 billion

General Electric Co (GE.N) has agreed to buy the aviation business of Italy’s Avio for $4.3 billion, in a sign of confidence about the country’s underlying strength despite its deep recession. The deal comes as Europe’s fourth-biggest economy labors to become more competitive under a reform agenda set by technocrat […]