EADS in talks to buy back 1.56 percent from French
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Posted On: 04/15/2013 4:42:56 AM
EADS in talks to buy back 1.56 percent from French state
PARIS (Reuters) - Airbus parent EADS is in talks to buy back 1.56 percent of its stock from the French government, it said on Monday, the latest step in the overhaul of state interests in Europe's largest aerospace group. The move, which could raise some 484 million euros ($634 million), marks the first time France has contemplated selling part of its 15 percent stake in EADS since the group was created from a merger of French, German and Spanish aerospace businesses in 2000. ...
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