MILAN, Jan 19 (Reuters) - The chairman of Italy's Leonardo on Monday floated the idea of a future combination between the defence and aerospace group and state‑controlled shipbuilder Fincantieri.
Leonardo Chairman Proposes Potential Merger with Fincantieri
Future Merger Discussions
MILAN, Jan 19 (Reuters) - The chairman of Italy's Leonardo on Monday floated the idea of a future combination between the defence and aerospace group and state‑controlled shipbuilder Fincantieri.
Chairman's Remarks
Speaking at a conference at Milan's Bocconi University, Stefano Pontecorvo told an audience that he hoped the two groups could one day merge, addressing his remark to Claudio Cisilino, Fincantieri’s executive vice‑president for operations, who was sitting in the audience.
“I hope that one day a merger between us might be possible," said Pontecorvo, without elaborating.
Current Collaborations
Fincantieri and Leonardo, both controlled by the Italian state, already cooperate on several programmes, but past discussions over deeper industrial integration have stalled amid political issues and diverging business priorities.
Fincantieri's Defense Strategy
Fincantieri has targeted the expansion of its defence business in its latest five-year plan.
(Reporting by Elvira Pollina, editing by Keith Weir)
