Finance
Italy's Leonardo to sell 9.4% Avio stake to participate in capital hike
Published by Global Banking and Finance Review
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Leonardo sells a 9.4% stake in Avio to fund a capital increase, retaining a 19% holding. The move supports Avio's 400-million-euro expansion plan.
MILAN (Reuters) -Italy's aerospace and defence group Leonardo said on Tuesday it was selling a 9.4% stake in rocket maker Avio through an accelerated bookbuilding to institutional investors.
Leonardo, which will maintain a 19% holding, said it would use the proceeds from the sale of about 2.6 million Avio shares to subscribe to the rocket maker's planned capital increase.
Avio's shareholders, including Leonardo, approved a 400-million-euro capital hike plan last week to finance expanded manufacturing capacity at a time of robust opportunities in the global space and defence industries.
Intesa Sanpaolo, Jefferies and Morgan Stanley are acting as joint global coordinators and joint bookrunners in the accelerated bookbuilding.
($1 = 0.8575 euros)
(Reporting by Gianluca Semeraro, editing by Gavin Jones)
Equity refers to the ownership value in an asset or business, representing the shareholders' stake after all liabilities are deducted. It is often expressed as shares in a company.
A capital hike is an increase in a company's capital, typically achieved by issuing new shares or securities. This process helps raise funds for expansion or other financial needs.
Investment is the act of allocating resources, usually money, to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.
Institutional investors are organizations that invest large sums of money on behalf of clients or members, such as pension funds, insurance companies, and mutual funds.
A stake in a company refers to the ownership interest held by an individual or entity, usually represented by shares. It indicates the proportion of the company owned.
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