DGAP-Ad-hoc: Airbus SE / Key word(s): Legal Matter
Airbus SE: Munich Public Prosecutor ends Eurofighter Austria investigation
09-Feb-2018 / 17:45 CET/CEST
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*Ad-hoc release, 9 February 2018*
*Munich Public Prosecutor ends Eurofighter Austria investigation *
· Resolution of legacy compliance cases continues
· Administrative penalty notice recognises full cooperation with
authorities and major efforts by Airbus to foster compliance processes and
organisation since 2012
The investigation of Airbus Defence and Space GmbH by the Munich Public
Prosecutor (Staatsanwaltschaft München I) related to the sale of Eurofighter
aircraft to the Republic of Austria in 2003 has been terminated. The result
of the investigation by the Munich Public Prosecutor, which had been ongoing
since 2012, did not confirm the allegations of bribery.
In order to conclude the investigation, the Munich Public Prosecutor has
issued an administrative penalty notice against Airbus Defence and Space
GmbH under the German Act on Administrative Misdemeanours
("Ordnungswidrigkeitengesetz") amounting to
EUR 81.25 million. The total amount comprises an administrative fine of EUR
250,000 and a disgorgement of EUR 81 million. Airbus Defence and Space GmbH
has accepted this notice.
The notice is based on the allegation of a negligent breach of supervisory
duties of non-identified members of Airbus Defence and Space GmbH's former
management. The notice alleges that certain former management negligently
failed to ensure proper internal controls that would have prevented
employees from making payments to business partners without proven
documented services in exchange.
On the other hand, the notice explicitly recognizes the major efforts
undertaken by Airbus and its management since 2012, which have resulted in a
new Compliance culture and a serious Compliance programme.
Since the beginning of the investigation, Airbus has fully cooperated with
the Munich Public Prosecutor. This included the provision of an independent
fact finding report of the law firm Clifford Chance, which Airbus shared
with the Munich Public Prosecutor in 2014.
*****
*About Airbus*
Airbus is a global leader in aeronautics, space and related services. In
2016 it generated revenues of EUR67 billion and employed a workforce of
around 134,000. Airbus offers the most comprehensive range of passenger
airliners from 100 to more than 600 seats and business aviation products.
Airbus is also a European leader providing tanker, combat, transport and
mission aircraft, as well as one of the world's leading space companies. In
helicopters, Airbus provides the most efficient civil and military
rotorcraft solutions worldwide.
*Media contacts*
Martin Agüera +49 175 227 4369
Gregor Kursell +49 177 725 3027
Matthieu Duvelleroy +33 629 431 564
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Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Airbus SE
P.O. Box 32008
2303 DA Leiden
Netherlands
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
Internet: www.airbusgroup.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
653135 09-Feb-2018 CET/CEST
(END) Dow Jones Newswires
February 09, 2018 11:45 ET (16:45 GMT)
