April 17, 2018 / 1:56 PM / 3 months ago

BRIEF-Italy to use special powers on aerospace license granted by Avio, GE Avio

April 17 (Reuters) - Italy’s government says:

* HAS DECIDED TO USE SPECIAL POWERS ON LICENCE GIVEN BY AVIO SPA AND GE AVIO TO ARIANEGROUP FOR THE DEVELOPMENT OF AEROSPACE MATERIAL

* HAS MODIFIED CONDITIONS OF ITS SPECIAL POWERS IN RELATION TO SALE OF PIAGGIO AERO UNIT EVO, WITH REGARDS TO PIAGGIO AERO, PAC-INVESTEMENTS, MDC PA COOPERATIEF U.A., AND MUBADALA DEVELOPMENT COMPANY PPJSC AND NEWCO Further company coverage: (Reporting by Milan newsroom)

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