Finmeccanica May Sell $1.36 Billion of Civil Units in Refocus

Finmeccanica SpA, Italy’s biggest defense company, plans to sell at least 1 billion euros ($1.36 billion) of assets in mainly civilian units through 2012 and cancel dividends after forecasting a surprise loss this year.

Finmeccanica slumped as much as 17 percent to the lowest price since December 1996 in Milan trading after predicting an adjusted loss before interest, tax, amortization and restructuring of 200 million euros in 2011. That compares with its earlier forecast of as much as 1.6 billion euros in profit.