Airbus shareholder TCI, a hedge fund, has demanded the French aerospace company drop plans to buy a near-30% stake in Evidian, a division of French consulting firm Atos. In a public letter by TCI chief, the British billionaire Christopher Hohn, Airbus’ chief executive Guillaume Faury was told the proposed stake would be “value destructive” as Evidian is a “low-quality, high-levered” business. TCI, which owns around 3% of Airbus’ shares valued at over €4bn, labelled the proposed investment as a seeming “bail out” of Atos and demanded Airbus say if any of it would be used to pay down Atos’ debt.

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In