My Account Menu

CAPA Login

Register to trial CAPA Membership!

EADS talking to French government over 1.56% share buy-back

16-Apr-2013 2:22 PM

EADS indicated (15-Apr-2013) it is entering into discussions with France's Government for the potential off-market acquisition of 1.56% of its shares. The shares would be acquired at the basis of a price of EUR37.35 per share, the same price as it paid under its EUR500 million share buy-back from Lagardere. The process is part of the aerospace concerns' 18-month share buyback programme, announced on 02-Apr-2013. In addition, EADS intends to enter into an agreement for the management of its share buyback programme with an investment service provider under the French Autorit├ęs des march├ęs financiers (AMF) "safe harbour" regulations. EADS will communicate on the outcome of such negotiations, the details of this mandate and any further use of its share buyback programme in due course. [more - original PR]