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CVC Capital Partners is interested in Avio SpA, the Italian aerospace company that is planning an initial public offering this year, a person familiar with the situation told Dow Jones Newswires on Wednesday.
The person added that CVC hasn't submitted any proposal to Cinven Group, the private-equity owner of Avio.
Avio has attracted the attention of several potential buyers since it first announced plans for an IPO last year. Initial flotation preparations were suspended in October because of poor market conditions. It has subsequently revived the plans, but declined to comment on reports that it has held talks with French peer Safran SA (SAF.FR) about a possible merger.
Bain Capital is also reported to be interested in Avio.
-By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241; email@example.com