Wednesday, November 25, 2015

Banking on drones: France’s Parrot increases capital by €300m; Bpifrance takes 5% stake for €33m

Banking on drones: France’s Parrot increases capital by €300m; Bpifrance takes 5% stake for €33m
This happened last week but seems to have been largely overlooked by non-French media: Parrot , the publicly-listed, Paris, France-based maker of drones and other consumer electronics, has increased its capital by just south of €300 million . Bpifrance , the French government-backed investment group, is injecting €33 million (PDF) into the company in exchange for a 5% stake. Founded in 1994 by current chairman and CEO Henri Seydoux, Parrot […]
 


from Best Flying Drones http://ift.tt/1P9ZxqO

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