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Airbus sells part of Dassault back to planemaker

Monday, December 1, 2014 - 05:50
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The move will result in a net reduction of Airbus Group's stake from 46.3% to 42.1% after taking account of Dassault's plans to cancel the shares along with a further 1% acquired in a separate buyback.

Paris

AIRBUS Group sold 8 per cent of Dassault Aviation back to the French planemaker in a deal worth 794 million euros (S$1.3 billion) on Friday - the first step towards unwinding an awkward 16-year-old link to its defence market rival.

The move will result in a net reduction of

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