18-Apr-2013 1:06 PM

EADS invests EUR1.1bn to buy-back 3.5% of shares

EADS confirmed (17-Apr-2013) it has concluded a share purchase agreement with the French State for the acquisition off-market of a stake of 1.56% in EADS for EUR482.7 million. In addition and also in the frame of the buyback programme, EADS confirms it participated in the placement by Daimler AG. EADS acquired 1.95% of its own shares for an amount of EUR600 million. EADS stated it welcomes the structure of the placement which implies Daimler’s confidence in the continuing positive momentum of the company. EADS will provide an update on the further use of its share buyback programme in due course. [more - original PR]