Piaggio Aerospace’s extraordinary commissioners have received 18 expressions of interest (EOIs) for the purchase of Piaggio Aero Industries and Piaggio Aviation. Both operate under the Piaggio Aerospace brand and under government-appointed extraordinary administration, the U.S. equivalent of a bankruptcy restructuring. The deadline to submit the requested documents expired yesterday, June 19, at 6 p.m. CEST.
In a joint statement, the commissioners said, “The market is sending us encouraging signals. Most of the EOIs were submitted by prominent business parties. This acknowledges once again the attention for a national strategic company with significant potential, especially considering the latest developments on sustainable mobility.” Half of the EOIs were submitted by businesses domiciled in Italy. Others were submitted by entities in Europe, North America, and Asia. Most of the parties confirmed their interest in buying the assets of both companies in their entirety.
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