Airbus parent in merger talks
Airbus parent EADS has confirmed it is in talks with UK defence contractor BAE Systems over a possible merger.
The tie-up would see EADS own 60% and BAE 40% of the new firm.
“Both companies would operate as one group by means of equalisation and other agreements but would be separately listed on their existing exchanges,” said BAE in a statement.
A statement by EADS added: “The possible combination is subject, amongst other things, to the approval of the Board of EADS and there can be no certainty that these discussions will lead to a transaction. A further announcement will be made as appropriate.”
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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