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SOCIÉTÉ ANONYME BELGE DE CONSTRUCTIONS AÉRONAUTIQUES

(SAB)
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Societe Anonyme Belge de Constructions Aeronautiques : Dassault to sell its participation in SABCA

06/25/2020 | 04:04am EDT

Société Anonyme Belge de Constructions Aéronautiques SA/NV ("SABCA") announces that it was informed that, on 16 June 2020, all merger control approvals have been obtained in relation to the purchase by a new joint venture company to be established by Sabena Aerospace SA ("Sabena") and Société Fédérale de Participations et d'Investissement - Federale Participatie- en Investeringsmaatschappij SA/NV ("SFPI/FPIM") of the entire 96.85% shareholding of Dassault Belgique Aviation SA ("DBA") in SABCA, for a total consideration of 74,571,676.67 euros (i.e., EUR 32.0833 per share) (the "Transaction").

The closing of the Transaction is expected to take place in the next coming days.

Upon completion of the Transaction, the new joint venture company will launch a mandatory public takeover bid on the remaining shares of SABCA (in accordance with article 5 of the law dated 1 April 2007 on public takeovers).

DBA, Sabena and SFPI/FPIM have issued a joint press release with respect to the Transaction, which is attached hereto as Annex A. For further information on the potential mandatory public takeover bid, reference is made to that press release.

More details can be found here

Disclaimer

SABCA - Société Anonyme Belge de Constructions Aéronautiques published this content on 16 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 June 2020 08:03:01 UTC


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Financials
Sales 2019 194 M 225 M 225 M
Net income 2019 6,17 M 7,18 M 7,18 M
Net Debt 2019 21,9 M 25,5 M 25,5 M
P/E ratio 2019 8,09x
Yield 2019 -
Capitalization 75,8 M 89,2 M 88,2 M
EV / Sales 2018 0,29x
EV / Sales 2019 0,37x
Nbr of Employees 993
Free-Float 0,00%
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Thibauld Jongen Chief Executive Officer
Dimitri Duray Chief Financial Officer, Director-Finance & Legal
Remo Pellichero Chairman
Michèle Gillot Independent Non-Executive Director
Charles Edelstenne Non-Executive Director
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