Acquisition

1st Mar 2006 13:26

BAE SYSTEMS PLC01 March 2006 MBDA completes acquisition of German missile company LFK 1 March 2006 The European missile systems company, MBDA, today announced that it hascompleted the acquisition of EADS' 81.25% shareholding inLFK-Lenkflugkorpersysteme GmbH ("LFK"), the German guided weapons company. MBDA already owned the remaining 18.75% shareholding in LFK. Completion followsclearances by the European Commission and by the German Ministry of Economy andTechnology. The transaction also included MBDA's acquisition of EADS' TDW and VM guidedweapons and guided weapons subsystems businesses. The total amount of the gross assets of LFK, TDW and VM amounted to €307 millionon 31 December 2004. The acquisition, announced by MBDA last year, was approved by the threeshareholders of MBDA, EADS (37.5%), BAE Systems (37.5%) and Finmeccanica (25%). Issued by BAE Systems plc London This information is provided by RNS The company news service from the London Stock Exchange

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