Italy's defence and aerospace conglomerate Leonardo said on Friday it had sold 6.9% of its U.S. subsidiary DRS at $17.75 per share. The state-controlled group sold 18 million shares in the upsized public secondary offering, leaving it with a 73.3% stake in DRS. Leonardo also granted a 30-day option to underwriters for the purchase of a further 2.7 million shares.
Leonardo focuses on European alliances as it trims DRS stake in US
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Leonardo chief Cingolani eyes year-end sign-off for GCAP joint-venture
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ROME -Italy s state-controlled defence and aerospace group Leonardo on Thursday posted rising third-quarter core earnings, and new orders, saying all its business areas were performing well and. -November 09, 2023 at 12:24 pm EST
- MarketScreener