Lumberton
Topic Author
Posts: 4176
Joined: Fri Jul 29, 2005 7:34 am

Russia May Sell Eads Stake-Report

Thu Jul 12, 2007 7:31 am

If they're serious, I suspect Dubai Inc will be happy to buy!
http://www.iht.com/articles/2007/07/11/technology/eads.php

Quote:
MOSCOW: The state-controlled Vneshtorgbank said Wednesday that it may sell its 5 percent stake in EADS. The news came one week before French and German leaders meet to discuss the troubled company's management.

In an unexpected announcement last year, Vneshtorgbank, or VTB, said it had acquired 5 percent of European Aeronautic Defense & Space, which is the parent company of Airbus.

The Russian government - which is rebuilding its domestic aviation industry under a state-owned umbrella corporation - had hoped to raise its stake and secure a place on the board of EADS, which owns 10 percent of Irkut, a Russian plane maker.

EADS has said, however, that the Moscow bank would not be welcomed as a decision-making industrial shareholder.

"We are considering the possibility of selling the EADS shares, but that doesn't mean that we are going to sell them immediately," the VTB press service said Wednesday.
"When all is said and done, more will be said than done".
 
EI321
Posts: 4788
Joined: Tue Jul 07, 2009 4:43 pm

RE: Russia May Sell Eads Stake-Report

Thu Jul 12, 2007 8:06 am

a.net SU A350 cancelation roumers starting in 5-4-3-2-1 .........
 
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N328KF
Posts: 5810
Joined: Tue May 25, 2004 3:50 am

RE: Russia May Sell Eads Stake-Report

Thu Jul 12, 2007 8:43 am

Quoting EI321 (Reply 1):
a.net SU A350 cancelation roumers starting in 5-4-3-2-1 .........

I think it's nothing like that. I am guessing that UAC was lobbying for EADS workshare and when they found a cold reception, they decided to cut their losses and get out of dodge.
When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' -Theodore Roosevelt
 
iwok
Posts: 979
Joined: Wed Jan 26, 2005 2:35 pm

RE: Russia May Sell Eads Stake-Report

Thu Jul 12, 2007 9:07 am

Quoting Lumberton (Thread starter):
If they're serious, I suspect Dubai Inc will be happy to buy!
http://www.iht.com/articles/2007/07/...s.php

Please sell to Lockheed  pray 

iwok
 
Lumberton
Topic Author
Posts: 4176
Joined: Fri Jul 29, 2005 7:34 am

RE: Russia May Sell Eads Stake-Report

Thu Jul 12, 2007 6:34 pm

Quoting N328KF (Reply 2):
I am guessing that UAC was lobbying for EADS workshare

That and Russia wanted board representation. In a meeting with Putin, Merkel reportedly told him it would not happen. I suspect after an appropriate period of brooding, this is the upshot.
"When all is said and done, more will be said than done".

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