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"The Observer": BAE will purchase it stake in Airbus at GBP 1.9bn

London, United Kingdom - Has an agreement with EADS finally been reached?

English newspaper "The Observer" reported that BAE Systems is going to accept this week to sell its 20% stake in Airbus to Franco-German-Spanish aerospace group EADS, which already owns 80% of the European plane maker. According to sources, BAE Board will meet in the next few days to take a final decision, after a dispute on sale price. Investment bank Rothschild, brought in after failed agreement...

AVIONEWS - World Aeronautical Press Agency - 148112
Rome, Italy, 09/04/2006 17:04
AVIONEWS - World Aeronautical Press Agency

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