(CercleFinance.com) – The stock ended down almost 6% at the end of the session. The company is considering the sale of other assets (in addition to the exclusive negotiations with EPEI on the sale of Tech Foundations) well beyond 400 million euros in order to honor its financing deadlines.
Management and the board of directors consider that among the various potential transfers, the sale of BDS would be a decisive element, allowing the activities remaining in the company to maintain a strategic interest.
As such, the company received two letters indicating non-binding expressions of interest in its BDS activity, one only concerning part of its scope.
The company will open a due diligence phase with Airbus, whose indicative offer with an enterprise value of 1.5 to 1.8 billion euros covers the entire BDS scope. Currently at a preliminary stage, discussions with Airbus will progress and the market will be informed of their outcome in due course.
Furthermore, the company does not rule out additional asset sales, particularly if the transaction with EPEI does not go through.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
