Airbus Mulls Selling Stake In Brazil-Based Helibras: Report
Portfolio Pulse from Nabaparna Bhattacharya
Airbus SE is considering selling a stake in Brazil-based helicopter maker Helibras, after gaining complete ownership of the firm earlier in FY23. Airbus acquired the remaining 15.5% stake from the state of Minas Gerais in January for $19.4 million. Helibras has been investing in exports, which currently account for 20% of the firm's output. Airbus shares traded lower by 1.03% to $35.72 on the last check Tuesday.
August 08, 2023 | 5:23 pm
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Airbus is considering selling a stake in Helibras, which could potentially impact its financials and stock price. The company's shares traded lower by 1.03% to $35.72.
The news of Airbus considering selling a stake in Helibras could potentially impact its financials and stock price. Investors may be concerned about the company's future plans and profitability, leading to a decrease in the stock price.
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