Mubadala Takes Over Piaggio Aero
India’s Tata Industries will relinquish its partnership stake in Piaggio, giving Mubadala control of 98 percent of the company’s stock.

Mubadala Aerospace, an entity owned by the government of Abu Dhabi, has taken full control of Italy’s Piaggio Aero, maker of the Avanti II turboprop. Mubadala has been a shareholder in Piaggio Aero since 2006.

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