Airbus moves ahead with defence electronics, other asset sales

April 23, 2015 10:56 AM

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FRANKFURT, April 23 (Reuters) - Airbus has started approaching potential buyers for electronics and other assets it wants to sell to focus its defence division on warplanes, missiles, launchers and satellites, three sources familiar with the matter said.

Europe's largest aerospace group hopes to attract private equity buyers for defence electronics businesses such as radar, optronics and avionics supplies, as well as for part of its satellite communications unit, the people said.

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