LONDON : Hedge fund manager Christopher Hohn has written to Airbus demanding it drop a deal to purchase a minority stake in French IT consulting firm Atos' soon-to-be spun-off division Evidian. In a public letter to the planemaker on Monday, Hohn said that Evidian was a 'highly levered company' and invest
LONDON : Hedge fund manager Christopher Hohn has written to Airbus demanding it drop a deal to purchase a minority stake in French IT consulting firm Atos' soon-to-be spun-off division Evidian.
Hohn, who runs hedge fund TCI Fund Management, owns over 3 per cent of Airbus' shares worth more than 4 billion euros , the letter said.France-based Airbus has submitted an offer to Atos' board to acquire a 29.9 per cent stake in Evidian, but will also perform an"in-depth due diligence period and will refine the details of its potential agreement with Evidian," an Airbus spokesperson said, without directly commenting on the criticisms in the letter.
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