Duofu Group acquires Italian helicopter firm Fama

Chinese firm Duofu Group's aviation unit acquired Italian helicopter company Fama, making it a wholly-owned subsidiary. Duofu Aviation also announced a 5 billion yuan investment plan to build a complete aviation industrial chain including R&D, production, sales and operation.

“Fama will become a wholly-owned subsidiary of Duofu, with all of its business links including research and development (R&D), production, sales and intellectual property rights all being acquired.”globaltimes.cn

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• globaltimes.cnDuofu Group acquires Italian helicopter firm in plan for aviation industry - Global TimesGlobal TimesJun 29, 2022

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