Piaggio Attracts 19 Expressions of Interest
Piaggio said the 19 expressions of interest that came in by the May 29 deadline, mostly sought the purchase of the entire group.
Piaggio Aerospace, evaluating expressions of interest, is hoping to sell the entire company by the end of the year. (Photo: Italian air force)
Piaggio Aerospace, evaluating expressions of interest, is hoping to sell the entire company by the end of the year. (Photo: Italian air force)

Piaggio Aerospace had received 19 “expressions of interest” (EOIs) for the purchase of its Piaggio Aero Industries and Piaggio Aviation businesses by the May 29 deadline, the company reported yesterday. After discussing a potential sale for more than a year, Piaggio in late February formally issued a call for EOIs with an initial April 3 deadline that was subsequently pushed to late May in response to the Covid-19 pandemic.