August & Debouzy advised Dassault Aviation in connection with Airbus Group’s divestment from Dassault Aviation
Article | 28/04/15 | Gilles August
Following the initial buyback by Dassault Aviation in September-November 2014 of a 9.41% block of shares (including 8% from Airbus Group) and the subsequent cancellation of part of the purchased shares representing 9.01% of its share capital, Dassault Aviation cooperated with Airbus Group in the framework of a private placement with institutional investors, of a 17.5% block of Dassault Aviation’s share capital, for an overall amount of EUR 1.64 billion. In this context, Dassault Aviation bought back 5% of its shares for an amount of EUR 451 million, i.e. at a price of EUR 980 per share (the sale price to the other investors amounted to EUR 1,030 per share). Following the operation, Dassault Aviation’s free float now stands at 14.4%, up from 1.9%, and the issuer now holds 5.44% of treasury shares.
Dassault Aviation was advised by August et Debouzy, with Gilles August
and Ferenc Gonter
, partners, Aurélien Veil
, counsel. Airbus Group was advised by Darrois Villey Maillot Brochier, with Bertrand Cardi
and Christophe Vinsonneau
, partners, Laurent Gautier
, counsel, and Orphée Grosjean
from the Corporate and Capital Markets practice, as well as by Allen & Overy, with Marc Castagnède
, partner, and Olivier Thébault
from the corporate practice, Diana Billik
, partner, on ICM aspects, and Mathieu Vignon
, partner, and Viviane Carpentier
from the tax practice.