Open

Coming up

Don't miss

Replay


LATEST SHOWS

THE WORLD THIS WEEK

The World This Week - 22 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014

Read more

FRANCE IN FOCUS

FRANCE IN FOCUS

Read more

FOCUS

Lifting the veil over China's air pollution

Read more

ENCORE!

Tango Takeover in Paris

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

IN THE PAPERS

'Steely resolve of reporters exploited by pared-down employers'

Read more

BUSINESS DAILY

US judge calls Argentina bond swap offer illegal

Read more

IN THE PAPERS

Cécile Duflot ruffles some feathers

Read more

  • US demands Russia withdraw aid convoy from Ukraine

    Read more

  • Besieged by problems, Hollande faces unhappy return from summer holidays

    Read more

  • Fed Chair says US job market still hampered by Great Recession

    Read more

  • August 22, 1914: The bloodiest day in French military history

    Read more

  • Central African Republic announces coalition cabinet

    Read more

  • Sunni's pull out of Iraq coalition talks after mosque massacre

    Read more

  • Hamas publicly executes "informers"

    Read more

  • French firebrand leftist to quit party presidency, but not politics

    Read more

  • Fear of Ebola sky-high among Air France workers

    Read more

  • US says Islamic State threat 'beyond anything we've seen'

    Read more

  • Malaysia mourns as remains of MH17 victims arrive home

    Read more

  • Turkish Foreign Minister Davutoglu set to be Erdogan's new PM

    Read more

  • Hollande is ‘nobody’s president’ says former French minister

    Read more

  • Europe launches navigation satellites to rival GPS

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

Business

Qatar bids for stake in aerospace giant EADS

Text by News Wires

Latest update : 2011-09-18

Qatar has held initial talks with Germany's economy minister on buying a stake in the European aerospace giant EADS. The Gulf state aims to acquire half of the 15 percent being sold by carmaker Daimler, German weekly Der Spiegel said Sunday.

AFP - The Gulf state of Qatar is in talks to buy into European aerospace firm EADS by purchasing half of German carmaker Daimler's shares up for sale, the German weekly Der Spiegel reported.

Members of the Qatari government met two weeks ago with German Economy Minister Philipp Roesler for initial talks, said the magazine in its edition to be published Monday.

Defence group EADS is the parent company of plane maker Airbus.

A ministry spokeswoman said Saturday that she was not able to comment on "ongoing negotiations," but sources said that EADS was "a very attractive business as shown by Qatar's interest."

"The (possible) entry of sovereign funds is reviewed particularly critically due to the political and technological issues," linked to EADS' activities, sources told AFP.

Der Spiegel said Qatar aimed to acquire half of the 15 percent of EADS shares put up for sale a few months ago by Daimler, which has so far failed to spark the interest of potential investors.

Angela Merkel's government would like to see a German investor and the Chancellory would be ready if necessary to involve the German state development bank Kfw, the magazine reported.

The economy minister is sceptical of the plan and would prefer to see a private investor, foreign if necessary, involved, sources added.

A German government source said in mid-August that it was in search of a private investor.

The shareholding and management of EADS is strictly split between France and Germany.

Daimler holds 15 percent of EADS capital and 22.5 percent of the voting rights.

In France, media conglomerate Lagardere holds 7.5 percent but has also indicated that it wants to sell its stake to concentrate on its core business.
 

Date created : 2011-09-18

  • AVIATION

    Boeing trumps EADS' bid for US Air Force refuelling contract worth €25 bn

    Read more

  • France

    Daimler, EADS charged with insider trading

    Read more

  • AVIATION

    WikiLeaks exposes US-French ‘war’ over jet sales

    Read more

COMMENT(S)