Published on : Friday, June 10, 2016
Airbus Group informed on 10th June that the company has raised $2.7 billion by selling bonds and shares. The shares were representing 14.55 % of Dassault’s capital and each of the share was sold for 950 Euros.
The Airbus Group previously inherited the Dassault stake from its previous owner, Aerospatiale in 2000. 46% stake in Dassault was handed over by the French Government to Aerospatiale in the year 1998. The restructuring moves by the government later influenced the creation of the then EADS, now known as Airbus Group. The Airbus Group was holding on to the stakes on behald of the French Government.
Dassault stated that the transaction will eventually increase the public float from 15.8 % to 24.9%.
Airbus Group is considered to be the second largest aerospace group after Boeing.
Marwan Lahoud, the strategy chief for Airbus Group informed that the deal became a reality in order to “focus on our core business and strategy.”