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Lagardere SCA Confirms its Intent to Dispose of its Stake in European Aeronautic Defence and Space Company EADS NV


Friday, 5 Apr 2013 02:00am EDT 

Lagardere SCA announced that it has acknowledged European Aeronautic Defence and Space Company EADS NV's shareholder's decision to authorize a share buyback program. In light of this information, Lagardere SCA confirms its intent to dispose of its 7.5% stake in EADS by July 31, 2013. This disposal may or may not fall within the scope of the share buyback program implemented by EADS. As previously indicated to the market, a significant portion of the proceeds generated by this disposal would be distributed to Lagardere shareholders. 

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