Airbus will no longer pursue discussions to acquire a minority stake in Atos’ cyber business Evidian, saying a deal under the current structure wouldn’t be in its interest, The Wall Street Journal’s Mauro Orru reports. A spokesman for the European plane maker confirmed the decision in a statement to The Wall Street Journal on Wednesday, saying the group wasn’t interested in buying a 29.9% stake in Evidian. "However, Airbus and Atos continue to discuss other potential options and pursue the work on the long-term strategic and technological partnership between Airbus and Evidian, which has the potential to create significant value for both companies," the spokesman said. Reference Link
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on EADSY:
- India minister tells Reuters ‘time has come’ for Airbus, Boeing to build plants
- Spain may cancel remaining orders for Airbus A400M, Reuters reports
- Boeing Could Seal 737 Max Deal with JAL
- Air Lease announces lease placement of 3 new Airbus A350-900 with Air France
- IndiGo in talks with Boeing, Airbus over record plane order, Reuters says