30th Dec 2005 13:24
BAE SYSTEMS PLC30 December 2005 BAE Systems agrees sale of ATLAS ELEKTRONIK 30 December 2005 BAE Systems has today agreed the sale of all of the share capital of ATLASELEKTRONIK GmbH ('Atlas'), the Bremen-based naval electronics company, toThyssenKrupp Technologies AG and EADS Deutschland GmbH for a cash considerationof approximately €145m. In addition, pension liabilities of €72.4m will remainwith Atlas following the sale. In 2004, Atlas had sales of €292.4m, generating EBIT of €9.3m. Completion of the sale is conditional upon regulatory approvals and the approvalof the Supervisory Board of ThyssenKrupp AG being given and is expected to takeplace next year. Issued by BAE Systems plc London This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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