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Airbus aware of Carmat's difficulties, mum on possible help

Published 09/27/2023, 06:36 AM
Updated 09/27/2023, 06:41 AM
© Reuters. FILE PHOTO: An artificial heart by French manufacturer Carmat is seen during an interview with Reuters in Velizy, near Paris, January 11, 2021.  REUTERS/Christian Hartmann/File Photo
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(Reuters) - Airbus, the biggest shareholder in French artificial heart maker Carmat, said on Wednesday it was aware of Carmat's financial difficulties but did not say whether it would support a possible fundraising.

The world's largest planemaker holds a stake of more than 11% in Carmat and has invested around 50 million euros ($52.8 million) in the company, an Airbus spokesperson said in response to Reuters questions.

Carmat warned late Monday that supply issues meant it would miss its full-year sales target and it could run out of cash by the end of October, sending its shares down 27% on Tuesday.

© Reuters. FILE PHOTO: An artificial heart by French manufacturer Carmat is seen during an interview with Reuters in Velizy, near Paris, January 11, 2021.  REUTERS/Christian Hartmann/File Photo

Airbus says its involvement in Carmat dates back to creation of GIE Carmat in 1993 by Alain Carpentier and Matra Defense - a company which was acquired by one of French predecessor companies later merged into EADS predecessor Airbus.

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