# Stavatti submits bid to acquire Piaggio Aero Industries

Stavatti Aerospace submitted an expression of interest to purchase Piaggio Aero Industries and Piaggio Aviation, with a bid worth hundreds of millions of dollars, to restart production and develop new aircraft variants.

- Type: Acquisition
- Announced: 2020-05-29
- Where: Villanova d'Albenga, Italy, Italy
- Status: rumored
- Products: aircraft, Avanti Evo
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Stavatti Aerospace](https://endata.com/companies/24398.md) (acquirer)
- [Piaggio Aero Industries](https://endata.com/companies/47538.md) (target)
- [Piaggio Aviation](https://endata.com/companies/47539.md) (target)

## Sources

- [airframer.com](https://www.airframer.com/news/release/stavatti-submits-bid-to-acquire-piaggio), 2020-05-29: "Stavatti submitted an Expression of Interest for the purchase of the business units of Piaggio Aero Industries S.p.A. in a.s., and Piaggio Aviation S.p.A. in a.s."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.