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Airbus Agrees to Sell Commercial Satcoms Business Back to Apax

  • French private-equity firm signs deal for undisclosed sum
  • Disposal follows 2014 review of defense and space assets

Airbus Group SE secured an accord to sell its commercial satellite communications activities to French private-equity firm Apax Partners, from which it acquired the operation as part of a wider transaction in 2011.

The planemaker has signed a share-purchase agreement for the disposal of 100 percent of the business to Apax, with the deal set to close in coming months subject to regulatory approvals, it said Monday. Terms weren’t disclosed.