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Dassault agrees to buy back its shares from Airbus

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Dassault agrees to buy back its shares from Airbus

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Dassault Aviation has agreed to buy back some of its shares from French state firm, Airbus.

The off-market block trade values Dassault shares at 980 per share, making a total amount of around 794-million euros, pre-transaction costs.

The French state has agreed to waive its rights under the shareholder agreement with Airbus which represents approximately 8 percent of Dassault’s share capital.