MILAN (Reuters – Defense and aerospace company Leonardo stated Wednesday that it has not made a decision on a deal to sell a part of its DRS division.
Bloomberg reported Wednesday that Leonardo is considering various options, including selling its Global Enterprise Solutions business. Bloomberg reported that it could have a value of up to $400million, according to people who are familiar with the matter.
Leonardo stated that it is aware of press reports about the potential sale of Leonardo DRS’s business line. It also said that the Italian group continues to evaluate options for creating shareholder value, which includes the option of disposing of business lines.
Leonardo had attempted to list DRS in the U.S. last year. Global Enterprise Solutions made it part. But, Leonardo decided not to go public with its offering because of adverse market conditions.
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