Airbus Wins 110 Jet Plans Order, Fidelity Bids

Nigel Thomas
19 Jun, 2015
New York City

Airbus secured an order worth $15.6 billion for 110 jet planes. Bayer plans to invest

[R]4:00 PM Frankfurt – Airbus secured an order worth $15.6 billion for 110 jet planes. Bayer plans to invest €4 billion in research and development this year. Fidelity offered £1.72 billion for Colt. Valeo agreed to acquire 10.5% stake in the LED-maker Aledia.[/R]

In London trading, FTSE 100 index rose 8.22 to 6,716.69 and in Frankfurt the DAX index slid 11.94 to 11,088.36.

In Paris, CAC 40 index gained 0.8% or 36.70 to 4,840.18.

For the week, FTSE 100 index fell 1%, the DAX index slipped 1%, CAC 40 index decreased 1.5%.

Airbus Group SE jumped 2.2% to €58.98 after the France-based aerospace and defense group on a final business day of Paris Airshow secured an order for 110 jet planes at list prices worth $15.6 billion from Hungary-based discount airline Wizz Air.

The contract includes purchase rights for 90 new single-aisle jets, said airline chief executive Joszef Varadi said.

At this year’s Paris Air Show, the company booked an order for 421 planes at list prices of about $57 billion.

Bayer AG slid 0.04% to €128 after the Germany-based diversified company’s chief executive said in an interview with the local Bild newspaper that the company plans to invest €4 billion or $4.54 billion in research and development this year.

Colt Group SA surged 21.1% to 189.80 pence after the Luxembourg-based diversified company received an offer from a key shareholder Fidelity to acquire the company at a price of 190 pence per share or about £1.72 billion or $2.73 billion.

Valeo SA climbed 3.7% to €140.50 after the France-based auto parts maker agreed to acquire 10.5% stake in LED-maker Aledia by subscribing to a portion of Aledia’s capital increase.