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Blackstone joins Rheinmetall for Airbus bid

by posted 3years ago 6678 views
The consortium is one suitor that has been shortlisted in the sale dubbed “Orlando”, alongside private equity groups Cinven, Carlyle (CG.O) and KKR (KKR.N), the sources said, adding that French peer Thales (TCFP.PA) remained interested. The sale is part of a plan by Airbus to dispose of assets with combined revenues of around 2 billion euros, as the aerospace group struggles with low defense spending in Europe. It lacks the scale of rivals in defense electronics. Airbus Finance Director Harald Wilhelm said on Friday the group was making “good progress” on the sale of certain defense assets, with negotiations under...