EADS Quashes Rumors Of Russian Takeover | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 07.18.16

Airborne 07.19.16

Airborne 07.20.16

Airborne 07.21.16

Airborne 07.22.16

Airborne Hi-Def On YouTube

Airborne 07.18.16

Airborne 07.19.16

Airborne 07.20.16

Airborne 07.21.16

Airborne 07.22.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

 

Sat, Sep 16, 2006

EADS Quashes Rumors Of Russian Takeover

Says EU Will Maintain Control

Rumors abound, following a Russian state bank's investment -- and a British sell-off -- of European Aeronautic Defense & Space (EADS) stock, that the former Soviet state might seek a controlling interest in the company.

EADS executives say, nay nay, I don't think so...

In a statement to the International Herald Tribune (IHT), EADS' Co-Chairmen Manfred Bischoff and Arnoud Lagardere praised VneshTorgBank's (VTB)$1+ billion investment (slightly over 5% of the company's worth) in EADS, hailing it as an indication of confidence in the future of the company.

They also said, in no uncertain terms, that "it would not be in the best interest of the company to change corporate governance or enlarge the group of industrial shareholders."

Apparently, since Russia's investment, reported earlier this week by ANN, word has circulated in the European press of Russia's desire for more than just a monetary stake in EADS.

The IHT reports Aleksei Fyodorov, chief executive of MiG, the fighter jet maker, said last week that Russia wanted eventually to double its stake in EADS to 10 percent. Meanwhile, Sergei Prikhodko, an aide to the Russian president, Vladimir Putin, said this week that Russia could insist on acquiring "at least a blocking stake" in EADS over the long term.

EADS' four largest shareholders, DaimlerChrysler, Lagardere, the French government and the Spanish government control 50.5% of its stock. Now that UK's BAE Systems sold their 20% stake in the congolmerate, also reported by ANN, Russia's VTB is the fifth largest shareholder.

All of the chest-beating on the part of EADS' leadership seems to stem from a fear that the recent financial maneuvering may receive a little "political massaging" -- next week Russian President Vladimir Putin and German Chancellor Angela Merkel meet with French President Jacques Chirac in Paris.

FMI: www.eads.com

Advertisement

More News

Airborne 07.22.16: ONE Aviation New Jet, Drone Pilot Nabbed, Stemme Twin Voyager

Also: AEA Giveaway, 44 Trips To OSH, Airbus Drones, Future Pilots, NTSB Training, Air BP, Boeing Forecast, ALPA Milestone ONE Aviation has provided ANN with the initial outline for>[...]

It's ALIVE! 2016 AirVenture Innovation Preview Program Debuting RIGHT NOW!

Get The EARLY Inside Details On THE Most Exciting NEW Innovations And Product Announcements From OSHKOSH... The staff of EAA and the Aero-News Network are pleased to announce that >[...]

EAA Raises The Bar -- Accessible Safety STC Adds More Aircraft, More Devices

STC Can Be Ordered Online Starting Right Now We knew it was coming and we're glad to see it coming along so well and siwiftly... EAA has announced several much anticipated updates >[...]

Airborne 07.21.16: KC46 Update, Fly A P40 at AirVenture?, Runway Conditions

Also: ANN 2016 Oshkosh Schedule, Airplane Efficiency, Federal Excise Tax, A320neo, Jet Demos, 100+ Exoplanets, CFM's $8.2B Deal The KC-46 Pegasus aerial tanker program moved closer>[...]

Teens With Drone Help Solve Boat Theft

Followed The Suspects As Far As They Could And Alerted Police Two teenagers with a camera-equipped UAV helped police catch some suspected boat thieves this week on Camano Island in>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC