DGAP-Ad-hoc: Airbus SE / Key word(s): Agreement
Airbus reaches agreement in principle with French, U.K. and U.S. authorities
28-Jan-2020 / 19:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Ad-hoc release, 28 January 2020*
*Airbus reaches agreement in principle with French, U.K. and U.S.
authorities*
In the context of the investigations by the French Parquet National
Financier (PNF), the U.K. Serious Fraud Office (SFO) and the U.S.
authorities, Airbus has reached agreement in principle with the authorities.
The investigations by the above authorities relate to allegations of bribery
and corruption and to inaccuracies in filings made with the U.S. authorities
pursuant to the U.S. International Traffic in Arms Regulations (ITAR).
The agreement with the SFO was the subject of a preliminary court ruling
today and will require final judicial approval in a U.K. court. Furthermore,
agreements with the PNF and the U.S. authorities also remain subject to
approval by French court and U.S. court and regulator, respectively. The
court hearings in France, the U.K. and the U.S. are expected to take place
on 31 January 2020.
If approved by the courts, the agreements will result in Airbus taking a
provision of EUR 3.6 billion for the payment of potential penalties to the
French, U.K., and U.S. authorities, which will be booked in Airbus' 2019
accounts.
Further details will be provided once the agreements have been finalised.
Airbus will continue to cooperate with the authorities.
* * *
*About Airbus*
Airbus is a global leader in aeronautics, space and related services. In
2018 it generated revenues of EUR 64 billion and employed a workforce of
around 134,000. Airbus offers the most comprehensive range of passenger
airliners. 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.
*Contacts for the media*
Guillaume Steuer guillaume.steuer@airbus.com +33 6 73 82 11 68
Stefan Schaffrath stefan.schaffrath@airbus.com +33 6 16 09 55 92
28-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory
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
EQS News ID: 962935
End of Announcement DGAP News Service
962935 28-Jan-2020 CET/CEST
(END) Dow Jones Newswires
January 28, 2020 13:15 ET (18:15 GMT)
