MILAN Oct 1 India's Tata Ltd. (TAMO.BO) has
acquired a one-third stake in Piaggio Aero Industries SpA, the
Italian aircraft company said on Wednesday.
Financial details were not released.
The move makes Tata one of the main shareholders alongside
the Ferrari and Di Mase families and Abu Dhabi's Mubadala
The Tata investment consists of purchasing existing shares
and a new capital subscription, Piaggio Aero said in a
Tata will have three of the nine seats on the board, and one
of the three seats on the management committee.
(Editing by Paul Bolding)