Advertisement
UK markets close in 11 minutes

  • FTSE 100

    8,070.30
    +29.92 (+0.37%)
     

  • FTSE 250

    19,594.42
    -124.95 (-0.63%)
     

  • AIM

    752.75
    -1.94 (-0.26%)
     

  • GBP/EUR

    1.1654
    +0.0009 (+0.08%)
     

  • GBP/USD

    1.2486
    +0.0023 (+0.19%)
     

  • Bitcoin GBP

    50,825.31
    -1,289.31 (-2.47%)
     

  • CMC Crypto 200

    1,373.02
    -9.55 (-0.69%)
     

  • S&P 500

    5,003.38
    -68.25 (-1.35%)
     

  • DOW

    37,828.05
    -632.87 (-1.65%)
     

  • CRUDE OIL

    82.38
    -0.43 (-0.52%)
     

  • GOLD FUTURES

    2,346.90
    +8.50 (+0.36%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,901.68
    -187.02 (-1.03%)
     

  • CAC 40

    8,017.59
    -74.27 (-0.92%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Airbus sells further 15 pct stake in Dassault Aviation

Reuters - UK Focus

PARIS, March 25 (Reuters) - Airbus Group (Swiss: AIR.SW - news) said it is selling a further 15 percent stake in business and fighter jet maker Dassault Aviation (Paris: FR0000121725 - news) as it continues to unwind its 16-year-old link to its defence 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 (Lisbon: ENX.LS - news) 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.

Airbus already cut its stake from 46.3 percent to 42.1 percent in November, saying then that it would make its "best efforts" to sell up to a further 10 percent of Dassault Aviation by June 30, 2015, in one or more placements. (Reporting by James Regan; Editing by Blaise Robinson)