Dassault Aviation has repurchased 810, 072 of its own shares from Airbus Group for approximately $987 million or $1, 221 per share through a block trade.
The transaction would reduce Airbus’ ownership stake in Dassault from 46 percent to 42 percent, Airbus said Friday.
Marwan Lahoud, marketing and chief strategy officer at Airbus, said the company also plans to sell more Dassault stock it owns next year.
Airbus seeks to divest another 10 percent of its total shares in Dassault by June 30 through private placement transactions.
Dassault could buy back up to 5 percent of the overall number of company shares during the additional stock sale, according to Airbus.
