Airbus to acquire Satair         

Acquisition of Satair A/S – a leading aviation after-market distributor – will significantly enhance Airbus’ services offering in aircraft material management

Airbus has signed an agreement with the Board of Directors of Satair A/S for the launch of a voluntary conditional tender offer with a cash price of DKK 580 per share of a nominal value of DKK 20.
This transaction represents a total consideration of DKK 2,595 million (US$ 504 m) and will be financed through EADS existing cash balances.
Satair has undertaken to recommend the offer to its shareholders subject to and upon publication of the offer document.
Satair’s shareholders representing approximately 16% of Satair’s shares have committed to accept the offer under certain conditions.