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Aircraft and industry. BAE-EADS merger: shareholders concerned, London ready to veto

London, United Kingdom - UK's defense secretary: "It is necessary to reduce French and German stakes"

The possible EADS-BAE Systems merger keeps on moving on a bumpy path. Philip Hammond, UK's defense secretary, has declared that the British government is ready to veto the operation if German and French stakes are not reduced: "t is not, I think, necessary to have no French or German government interest in the company. It is necessary to reduce that stake below the level at which it can control or...

AVIONEWS - World Aeronautical Press Agency - 1146165

AVIONEWS - World Aeronautical Press Agency
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