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.