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It is official: BAE sold its Airbus stake to EADS

London, United Kingdom - EUR 2.75bn have been confirmed

As we had already preannounced, there has been the official confirmation of BAE Systems sale of its 20% Airbus stake to EADS Group, which now becomes the only shareholder of the aeronautic manufacturer. The transaction prise is EUR 2.75bn: maybe a break-up, some analysts suggested, because Airbus is structurally worth much more, but the A-380 production scandal made the price decrease. BAE understood...

AVIONEWS - World Aeronautical Press Agency - 148427
Rome, Italy, 09/07/2006 18:48
AVIONEWS - World Aeronautical Press Agency

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