Change possibly in the wind for Avincis
It is thought FTSE 100 Index-listed Babcock is looking to buy a significant stake in Avincis, while a well-known national Sunday paper reported plans for a takeover that would see it pay £1 billion and take on £500 million of debt.
The group said a deal with Avincis would help it expand in the UK and overseas, but stressed there was no certainty the talks would lead to a transaction.
Engineering giant Babcock in talks with world's biggest helicopter operator | Herald Scotland