Airbus raises $2.7 billion from Dassault stake and bonds

Published on : Friday, June 10, 2016

AirbusAirbus 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.”

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 AIME 2018 BB
  • 02 WTM Latin America 2018
  • 03 IMEX 2018
  • 04 AIME-2018 small
  • 05 itb-china 2018
  • 06 TTF-2018
  • 08 mice-arabia 18
  • 09 JTTX 2018
  • 09 The hotel shows audiarabia 18
  • 10 hotelfair 2018
  • 10 miceforum 18
  • 11 Digital Travel 2018
  • 11 Hotelex-Shanghai 18
  • 12 mitt 18
  • 13 aitf 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com