Italy’s Finmeccanica, which owns 50 percent of AgustaWestland, reportedly plans to become sole owner of the Anglo-Italian helicopter company by buying London-based GKN’s 50-percent share. The statement came at GKN’s annual meeting, where stakeholders blamed AgustaWestland for causing interim profits to fall “somewhat below” those achieved a year before. A Finmeccanica spokesman declined to confirm the news at press time, but such an acquisition would fit the group’s stated aim of focusing on aerospace and defense.
Finmeccanicca to but GKN’s stake in Agusta
- October 2, 2007, 10:56 AM