16 March 2015

Airbus prepares sale of PFW shares

Airbus is apparently preparing a sale of its majority stake in the supplier PFW Aerospace based in Speyer.

The sale process could start in the next few months, said people familiar with the matter.

Airbus purchased 51% of PFW in 2011 after the German supplier lost access to credit.

PFW was at that time in economic difficulties and it was a critical supplier of innovative lightweight tubing systems for A350.

The current retail value of the shares held by Airbus is estimated at 450 million euros.

Airbus wants to basically focus on value creation in design and manufacture of aircraft and build up linkages with the supply chain.

Based on the article "Airbus bereitet Verkauf von PFW-Anteilen vor" published in aero.de

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