KKR to buy Airbus defence electronics unit for $1.2 bln

March 18, 2016 7:09 PM

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PARIS, March 18 Private equity firm KKR has agreed to buy Airbus Group's defence electronics business for 1.1 billion euros ($1.2 billion), the European aerospace group said on Friday.

The transaction is expected to close in the first quarter of next year, Airbus said in a statement.

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