PARIS (Reuters) - Airbus (>> Airbus Group) said on Tuesday it had finalised the sale of its Germany-based Defence Electronics business to global investment firm KKR (>> KKR & Co. L.P.), following a series of approvals, including a green light from the German government.

The unit, which will be renamed Hensoldt, is headquartered in Ottobrunn, Germany, generates annual revenues of around 1 billion euros (854.35 million pounds) and employs around 4,000 staff.

"Airbus has agreed to maintain a 25.1 percent minority stake for a limited number of years post-closing until the full separation of the sites," the European aerospace group said.

The transaction, worth 1.1 billion euros, had been unveiled in March last year.

(Reporting by Matthias Blamont; Editing by Leigh Thomas)

Stocks treated in this article : Airbus Group, KKR & Co. L.P.