Airbus to Dispose of Remaining Stake in Dassault Aviation

© AFP 2022 / FRED DUFOURChinese labourers work at the distribution chain for jet engines at the Airbus factory in Tianjin (File)
Chinese labourers work at the distribution chain for jet engines at the Airbus factory in Tianjin (File) - Sputnik International
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European aircraft maker Airbus Group announced Thursday it was going to sell the remaining stake in the Paris-based military jet manufacturer Dassault Aviation.

MOSCOW (Sputnik) — Airbus owns approximately 0.83 million Dassault Aviation shares, which corresponds to around 9.05 percent of the share capital, according to the group’s official statement.

The European plane maker said it would get rid of the shares through a private placement by way of an accelerated bookbuilt offering. The proceeds will be used "for the general corporate purposes."

Around 5.5 percent of the share capital on offer, or 502,282 shares, will be bought back by Dassault Aviation at the lower price of the equity placement.

With this transaction, Airbus plans to fully dispose of its 23.6-percent stake in Dassault Aviation. It reportedly began shedding Dassault shares two years ago.

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