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Arcline Takes Continental Aerospace Private

peprofessional

3 weeks ago

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Arcline Investment Management has agreed to acquire the holding company of Continental Aerospace Technologies for approximately $535 million, taking the 121-year-old general aviation piston engine manufacturer private. The selling controlling shareholders are subsidiaries of Aviation Industry Corporation of China (AVIC), a Chinese state-owned aerospace and defense conglomerate.

Continental Aerospace designs, manufactures, and supports piston aircraft engines used in the general aviation marke...

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