Airbus Sells Additional Stake in Dassault Aviation

Airbus Group NV said it sold additional shares in Dassault Aviation SA, cutting its holding in the maker of the Rafale fighter to 24.6 percent and using the proceeds to fund growth. Airbus said it sold 1.61 million shares in total, with 71 percent of the lot going to institutional investors for 1,030 euros a share and the remainder to Dassault for 980 euros apiece, according to a statement today. The transaction corresponds to 1.64 billion euros ($1.8 billion), Airbus said.

See the full article at Bloomberg.com