Airbus plans exceptional 10 percent buyback, new legal status

April 15, 2015 9:25 PM

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Airbus plans exceptional 10 percent buyback, new legal status

PARIS (Reuters) - Airbus Group will ask shareholders to approve an exceptional share buyback of up to 10 percent of its capital at its annual meeting on May 27, the aerospace group said on Wednesday.

The move is designed to allow the board of Europe's largest aerospace company flexibility to distribute part of the proceeds from divestments, it said in a statement.

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