Airbus Divests Share in Dassault Aviation
As of November 2014, Airbus Group has announced that it will be divesting its share in Dassault Aviation, a French aircraft manufacturer of military, regional, and business jets, a move which is expected to raise 794 million euros or $987 million prior to any deal expenses. Airbus Group will be selling its shares back to the French manufacturer Dassault Aviation, with plans to decrease its stake in the company even further by mid-2015.
Effective immediately, Airbus will be decreasing its stake from 46% to 42%, with a 9% cancellation of treasury shares, and an additional 10% decrease scheduled to take place by June 2015. The motive behind the move points back to the increased pressure that Airbus is facing to focus on making commercial aircraft as opposed to military aircraft.
Dassault’s shareholders approved the purchase and cancellation of up to 10% of the total stock. Although Airbus does not manufacture corporate aircraft, it does currently compete directly with Dassault in the realm of military aircraft through the Eurofighter Typhoon, which is develops in tandem with BAE Systems of the UK and Finmeccanica of Italy. Dassault Aviation, founded in 1929 by Marcel Bloch, has been a major aircraft manufacturer for France since before World War II. Throughout the first half of the 20th century, Dassault specialized in the production of combat aircraft as well as ballistic missiles, and military transport aircraft and helicopters, before refocusing on corporate and business aircraft.
The company, since 1979, has been partially owned by the French government. Airbus Group holds the largest portion of shares in the company currently at 46.32%, with Dassault Group holding 50.55% and the remaining from private investors. The company generates in excess of 4.593 billion euros in revenue annually. ASAP Semiconductor, through our proprietary website ASAP Purchasing, specializes in the distribution of aerospace products around the world for both commercial, civil, and military applications. We work with Dassault Aviation to ensure we carry the most highly-demanded spare parts for your aircraft requirements. Browse our capabilities on www.asap-purchasing.com
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Posted on December 10, 2014