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BAE in talks to sell Airbus stake
- UK: Saturday, April 08 - 2006 at 07:48
BAE Systems is in talks to sell its 20% stake in European aircraft manufacturer Airbus, reported Reuters. The group has an option to sell its interest to 80% owner EADS. The stake is worth $5.3-8bn, and analysts expect BAE to reinvest the cash into its defence business where margins are higher than in the cyclical civil aviation market.
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Peter J. CooperSaturday, April 08 - 2006 at 07:48 UAE local time (GMT+4)
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