PARIS (Reuters) - France's Safran will make a lumpsum payment of 750 million euros ($833 million) to Airbus Group (>> Airbus Group) to obtain an equal stake in a space launchers venture as part of a deal to be formally closed on Thursday, the two companies said in a statement.

Airbus Safran Launchers, employing 8,400 people in France and Germany, already manages their combined launcher program activities and will now incorporate industrial assets and become fully operational, the companies said.

Safran had previously been expected to pay 800 million euros to Airbus Group to ensure an equal 50/50 ownership split in the new venture.

(Reporting by Tim Hepher; editing by Michel Rose)

Stocks treated in this article : Airbus Group, SAFRAN