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EADS in talks to buy BAE's Airbus stake
David Gow in Paris
Thursday March 9, 2006
The Guardian
EADS, the European aerospace and defence company, is drawing up plans to use its €5.5bn (£3.8bn) cash pile to buy out BAE Systems' 20% stake in Airbus, the world's leading plane-maker, industry sources said yesterday. The minority stake is conservatively valued at €3.5bn. EADS owns the remaining 80%.
It is understood that executives from the two groups have held informal talks and investment bankers are being considered for a deal that could fuel BAE's hunt for acquisitions in the US where it is the Pentagon's fifth-largest arms supplier
David Gow in Paris
Thursday March 9, 2006
The Guardian
EADS, the European aerospace and defence company, is drawing up plans to use its €5.5bn (£3.8bn) cash pile to buy out BAE Systems' 20% stake in Airbus, the world's leading plane-maker, industry sources said yesterday. The minority stake is conservatively valued at €3.5bn. EADS owns the remaining 80%.
It is understood that executives from the two groups have held informal talks and investment bankers are being considered for a deal that could fuel BAE's hunt for acquisitions in the US where it is the Pentagon's fifth-largest arms supplier
