Finance, Taxes, Insurance
Airbus To Dispose of All Shares in Dassault Aviation
Offering to institutional investors was also priced at €950 per share via a zero coupon bond due in 2021.

Airbus Group late last week announced plans to dispose of all its remaining 1.33 million shares of Dassault Aviation, with 830,000 shares, or 62 percent, being sold to institutional investors and 502,282 shares bought back by Dassault Aviation. The private placement to institutional investors is via an issuance of bonds exchangeable into Dassault Aviation shares in five years, meaning Airbus will continue to hold about 11.7 percent of voting rights in Dassault until their conversion. This is down from 26.1 percent.