Call for EOIs: Deadline extended to 29 May 2020
The deadline for the submission of the
expressions of interest to purchase the business complexes of Piaggio Aero Industries and Piaggio Aviation, the two companies under extraordinary
administration operating under the Piaggio
Aerospace brand, has
been further extended to
the 29th of May.
The ongoing international
epidemiological emergency from COVID-19 and the consequent additional
containment measures adopted by numerous governments have in fact convinced the
Extraordinary Commissioner Vincenzo
Nicastro to postpone
the time limit for the submission of the necessary documentation by approximately
one month, "so as to allow the widest possible participation in the sales
procedure," Mr. Nicastro stated.
The final date - according to a paid notice
published this morning in some financial newspapers - is therefore now set at
"6 p.m. CEST on 29 May 2020".
In the meantime, Piaggio Aerospace's production activities
in the premises of Villanova d'Albenga, in the province of Savona, and Genoa continue,
in full compliance with safety measures to safeguard the health of the
Piaggio Aero Industries and Piaggio
Aviation operate under the Piaggio Aerospace brand. The group - which also controls the subsidiary Piaggio
America in the United States – is active in the Aviation and Engine sectors. In
particular, the Aircraft business unit focuses on the design, construction and
maintenance of civil and military aircraft, along with customer service
activities. The Engine business unit revolves around the construction and
maintenance of aero-engines.
The full text of the call for
expressions of interest, the list of necessary documents and the notice of
extended deadline are available at