New Piaggio Aero shareholder underpins future growth Mubadala Development takes stake in leading Italian aerospace company

Genoa, 19/04/2006

19th April 2006 - Genoa, Italy: - Piaggio Aero Industries S.p.A., one of the world?s leading aerospace companies, today announced that Mubadala Development, a principal investment company wholly owned by the Government of Abu Dhabi, has acquired 35% of the equity of Piaggio Aero.

The transaction is founded on a shared belief by the two parties that the business aviation segment will continue to expand significantly over the foreseeable future. The share capital resulting from th...