Finmeccanica CEO says Westland Helicopters not for sale

Finmeccanica CEO says Westland Helicopters not for sale

ROME (Reuters) – Italy's Finmeccanica has not received any offer for the British arm of its helicopter business AgustaWestland & does not plan to sell it anyway, the aerospace & defence group's chief executive, Mauro Moretti, said on Friday.

"We didn't have any request and, even if we had, we wouldn't think of selling," Moretti said.

British newspaper The Sunday Times said in a report this week that Boeing made a bid earlier this year to buy Westland yet the approach was spurned.

"It is a strategic sector, it is core business … It is a sector where we are investing, moreover in Britain," Moretti said.

In 2001 Agusta & Westland were merged as a joint venture company by respective owners Finmeccanica & UK engineering group GKN & four years after Finmeccanica acquired GKN's 50 percent stake.

(Reporting by Antonella Cinelli; Writing by Francesca Landini; Editing by Greg Mahlich)

Source: “Reuters”