The Traderszone Network

Published in TZ Latest News 24 March, 2015 by The TZ Newswire Staff

Airbus sells further 15 percent stake in Dassault Aviation

Airbus Group (AIR.PA) said it is selling a further 15 percent stake in business and fighter jet maker Dassault Aviation (AVMD.PA) 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.

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