French Gov't May Merge EADS With Thales
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The French government plans to merge Airbus parent EADS with Thales, the country's largest defense company, to create a new European giant to rival Boeing Co., a leading financial daily reported Friday.
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PARIS/BERLIN  - France hopes to be able to announce an agreement about a simplified management structure for European defense group EADS  at a summit meeting on Monday, but Germany is in no hurry to strike a deal.
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Creating a defence and aerospace "industrial champion" centered on France may be impossible for Nicolas Sarkozy to engineer during his last days as finance minister, as political considerations cloud the ...
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PARIS/BERLIN  - France hopes to be able to announce an agreement about a simplified management structure for European defense group EADS at a summit meeting on Monday, but Germany is in no hurry to strike a deal.
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The French government is seeking to take control of European aerospace giant EADS by pushing for a capital increase to finance development of the new A350 long-haul jet, German newspapers have reported.
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Rumours of a possible tie-up between French defence electronics group Thales and the European Aeronautic, Defence and Space Company (EADS) are to be discussed by the German and French economy ministers later ...
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Planemaker Airbus is expected to announce   fresh delays to its embattled A380 superjumbo in coming days, a   French media report said, adding to woes for parent firm EADS   EAD.PA whose shares were also hit by a brokerage downgrade.
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Germany does not expect to take a direct stake in aerospace group EADS  via state bank KfW or other federal or state institutions, a senior government official told Reuters on Thursday.
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The British government has signaled its opposition to the creation of a European defence industry giant by the merger of the European aerospace group EADS and the French-British defence electronics group Thales, the Observer reported.
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The German government will review its defence contracts with Franco-German aeronautics company EADS if the restructuring of Airbus severely harmed German interests, Economy Minister Michael Glos has warned.
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France and Germany scrapped on Monday a cumbersome dual management structure at European aerospace group EADS in a shakeup aimed at pulling the politically-charged giant out of crisis.
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Airbus parent EADS said Thursday it was not planning any alliance with defense group Thales SA, dampening speculation that the French government-backed deal was imminent.
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Germany does not expect to take a direct  stake in aerospace group EADS  via state bank KfW or  other federal or state institutions, a senior government  official told Reuters on Thursday.
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The German government is nearing a deal for German banks to buy a stake in EADS as DaimlerChrysler reduces its holding in the company.
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Arnaud LagardÃ¨re, a shareholder in the European Aeronautical Defence and Space company, yesterday signalled a new shake-up of Europe&#39;s defence industry which could see EADS swallow up its smaller French rival, Thales, and acquire Dassault&#39;s fighter
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The French co-head of aerospace group  EADS  brushed off negative comments from estranged  shareholder BAE Systems  on Thursday, saying the Airbus  parent was weeks away from resolving some of its key problems.
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French Prime Minister Francois Fillon said Thursday that it was not the shareholder structure that was fundamental to the success of European aerospace giant EADS, but the organisation and management of the company.