Inaer-Bond changes name to Avincis

[Savoia]

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.

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