Airbus sells further 15 per cent stake in Dassault Falcon
Paris, France - Airbus Group said it is selling a further 15 percent stake in business and fighter jet maker Dassault Aviation as it continues to unwind its 16-year-old link to its defense market rival.
The move will see Airbus’ stake drop to around 27 percent from 42 percent, it said in a statement on Wednesday.
Dassault Aviation, which has asked Euronext to suspend trading in its shares, said it will take part in the placement by purchasing a maximum of 5 percent of its share capital at a maximum price of 980 euros a share. | READ MORE