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Business/Financial

Airbus To Sell Its Stake In Patria Back To Finnish Firm

By Cal Biesecker

Tuesday, December 9th, 2014

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Airbus To Sell Its Stake In Patria Back To Finnish Firm

Patria's Armoured Modular Vehicle. Photo: Patria

France’s Airbus Group on Tuesday said it has agreed to sell its 26.8 percent stake in Patria to the Helsinki-based defense, security and aviation services company as part of its portfolio shaping strategy begun earlier this year. Patria, which is majority owned by Finland’s government, said it will look for a new industry partner as minority shareholder early in 2015. “Industrial partnership has proved to be an effective way for Patria to engage in international business,” Eero Heliovaara, the company’s…

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