TCI Asks EADS to Sell its Stake in Dassault

Activist hedge fund TCI has said the European Aeronautic Defence & Space Company (EADS) should sell its stake in Dassault Aviation as the holding was "a poor use of capital." TCI wrote to EADS's chief executive officer, Tom Enders, demanding that the aerospace company sell its holding, worth €4bn ($5.3bn, £3.5bn), and give the earnings to the shareholders.

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