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

By Press

By Robin Wauters 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)

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