Abu Dhabi to sell Italian exec-jet business to China buyers — source | GulfNews.com:
"Mubadala, an arm of the Abu Dhabi sovereign wealth fund, plans to sell the executive-jet business of Italy’s Piaggio Aerospace to a state-backed Chinese consortium in a deal that is now under scrutiny by Rome, a source familiar with the matter said.
The deal comes at a sensitive time for Chinese investments in the European Union, with the head of the European Commission recently proposing to limit state-backed foreign takeovers in hi-tech manufacturing, among other industries.
An Italian defence firm such as Piaggio Aerospace must notify the government of any big asset sale, even if it does not involve a defence asset."
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