Italy's Leonardo, Germany's Hensoldt in joint venture talks
ROME (Reuters) -Leonardo and Germany's Hensoldt are discussing a possible joint-venture, the chief executive of the Italian defence group said on Thursday.
«We are now restarting the analysis of a joint-venture. We are discussing with (Hensoldt's) new management what we can do together, the table is open,» Roberto Cingolani told a post-results call.
He added that he had met the head of Hensoldt a few weeks ago and that he hoped to have some «news in the coming months».
Leonardo, a shareholder in the German military sensor maker, did not take part in its capital increase in December, diluting its previous 25% stake.
The decision fuelled speculation of a lack of interest in collaboration between the two groups.
Cingolani said Leonardo had never opposed the recapitalisation and the German government, which holds a 25% stake in Hensoldt, had appreciated the Italian group's transparent position.
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