US EditionItaly approves Baykar’s acquisition of Piaggio Aerospace
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Italy approves Baykar’s acquisition of Piaggio Aerospace
The decision. The Italian government has approved the sale of Piaggio Aerospace—one of Italy’s leading aeronautical manufacturers—to Turkish drone specialist Baykar. Since 2014, Piaggio Aerospace has been owned by Mubadala, the Abu Dhabi sovereign wealth fund, but it never achieved sustained growth. Baykar, chaired by Selçuk Bayraktar (the son-in-law of Turkish President Recep Tayyip Erdoğan) and led operationally by his brother Haluk Bayraktar…
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