Leonardo announces that yesterday it has completed the monetization of its shareholding in Avio SpA, which now stands at 19.30%, down from the original 28.75%. This transaction is fully in line with the Group’s strategic priorities and capital allocation objectives. 

In October (see AVIONEWS 1 and 2), Leonardo completed the sale of 2,649,031 Avio shares on the market at an average price of approximately € 37.75 per share, mainly through an accelerated bookbuilding process addressed to institutional investors. 

Yesterday, Leonardo has fully exercised the subscription rights related to its remaining stake in Avio, subscribing to 3,870,207 Avio shares at an issue price of € 20.37 per share.