PARIS (Reuters) - Airbus Group (PA:AIR) is making good progress in the sale of its defense electronics activities, a top executive said on Thursday.
In December, Airbus Group said it was on the verge of selecting a final candidate and expected a decision by the end of the month. Sources familiar with the talks estimate the value of the assets at around 1 billion euros.
"It is progressing well," Chief Strategy and Marketing Officer Marwan Lahoud, who is in charge of the negotiations, told Reuters when asked if a deal had been reached.
People familiar with the matter said Airbus Group (PA:AIR) had shortlisted Carlyle (O:CG) and KKR (N:KKR) after two U.S. buyout groups put in significantly higher offers.
None of the players involved agreed to comment.