Federal Holding and Investment Company and Sabena Aerospace SA entered into an agreement to acquire 96.9% stake in Société Anonyme Belge de Constructions Aéronautiques (ENXTBR:SAB) from Dassault Belgique Aviation, S.A. for €74.6 million on February 5, 2020. Federal Holding and Sabena Aerospace will pay €32.0833 per share. Upon completion of the Transaction, Federal Holding and Investment Company and Sabena Aerospace SA will hold 96.85% of the shares in Société Anonyme Belge de Constructions Aéronautiques.

In a related transaction, Federal Holding and Sabena Aerospace will issue an obligatory offer to acquire the remaining 3.15% stake in Société Anonyme Belge de Constructions Aéronautiques. The Transaction is subject to merger control approval, Belgian competition authorities and is currently anticipated to close at the end of Société Anonyme Belge de Constructions Aéronautiques's second quarter 2020. The transation is expected to close in June 2020.

Nicolas Bonnault, Nicolas Perianin and Yves Vervaet of Rothschild & Co SCA (ENXTPA:ROTH) acted as advisor for Société Anonyme Belge de Constructions Aéronautiques. Chris Kodeck and Amaury Cave of Vulcain S.A.S. acted as financial advisors to Federal Holding and Investment Company and Sabena Aerospace SA. Jeroen Delvoie, Filip Jenné, and Steven Declercq of Eubelius acted as legal advisor to Federal Holding and Investment Company and Sabena Aerospace SA.

Nicolas Bonnault, Nicolas Perianin, Yves Vervaet of Rothschild & Co SCA (ENXTPA:ROTH) acted as a financial advisor to Dassault Group, a parent company of Dassault Belgique Aviation, S.A. Baker & Mckenzie Cvba acted as legal advisor to Société Anonyme Belge de Constructions Aéronautiques.