Blackstone Teams with Rheinmetall in Bid for Airbus Defense Assets
November 02, 2015
Blackstone has reportedly joined Germany's Rheinmetall (ETR: RHM) in a bid to acquire the defense electronics unit of Airbus (EPA: AIR), a deal said to be worth up to €1 billion. Other bidders are believed to include Cinven, The Carlyle Group and KKR. Airbus announced last September it intended to sell various businesses from its Defense and Space operations.