Mubadala Takes Full Ownership of Piaggio Aerospace | Aviation International News

Mubadala Takes Full Ownership of Piaggio Aerospace

Abu Dhabi-based company purchased the minority 1.95-percent share held by Piero Ferrari

By Chad Trautvetter • Online Editor

September 15, 2015

Piaggio Aerospace announced today that Abu Dhabi-based Mubadala Development Co. purchased the minority 1.95-percent share held by Piero Ferrari and it is now the Italian aircraft manufacturer’s 100-percent shareholder. Mubadala started with a 35-percent share in Piaggio Aero in April 2006, but in May last year this ballooned to 98 percent when India’s Tata Industries relinquished its partnership stake in the aircraft company following a restructuring.

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