MILAN, June 18 Italian aerospace and defence
group Finmeccanica said on Wednesday it will not
incorporate its train-making AnsaldoBreda unit, denying media
reports following the appointment of a new chief executive.
The company put the loss-making AnsaldoBreda and its stake
in rail technology company Ansaldo STS up for sale more
than two years ago, aiming to cut debt.
Political interference and a series of corruption scandals
have delayed the process, triggering a downgrade to junk of the
company 3.3 billion euro ($4.5 billion) debt pile.
In April the Italian government appointed Mauro Moretti,
former head at state railways Ferrovie dello Stato, as chief
executive in place of Alessandro Pansa.
($1 = 0.7368 Euros)
(Reporting by Francesca Landini, editing by David Evans)