• Most Popular
  • Most Shared

EADS has no plan to sell Dassault stake: report

PARIS
Sun Jun 28, 2009 3:34pm EDT

Stocks

   

PARIS (Reuters) - European aerospace group EADS EADS.PA has no plan to sell either all or part of its stake in French planemaker Dassault Aviation (AVMD.PA), a senior EADS executive was quoted as saying in a report published on Sunday.

Marwan Lahoud, director of strategy and marketing at the Airbus parent company, said Dassault's arrival as a key shareholder in electronics maker Thales (TCFP.PA), an EADS competitor, did not affect the EADS stake in Dassault.

"There is no plan to sell our 46 percent stake in Dassault, either totally or partially," Lahoud was quoted as saying by business newspaper La Tribune in an interview sent to media on Sunday and due to be published in the paper on Monday.

EADS inherited its stake in Dassault from the state company that helped found EADS in 2000.

An approach by EADS to try to make an offer for Thales was rebuffed by the French government last year and EADS CEO Louis Gallois has resigned from the Dassault board.



More from Reuters

Photo

Bank of America names Moynihan next CEO

NEW YORK/CHARLOTTE, North Carolina (Reuters) - Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to lead the largest U.S. bank.

An office worker is reflected in the pavement as he walks with an umbrella in Singapore's financial district October 8, 2008.REUTERS/Vivek Prakash

Death of a salesman

Old-style sales reps may be fading thanks to a shift in the pharmaceutical market that has created a new gatekeeper in drug sales.  Full Article 

Marine from Delta Company of 2nd Light Armored Reconnaissance Battalion patrols near the town of Khan Neshin in Rig district of Helmand province, southern Afghanistan September 10, 2009. REUTERS/Goran Tomasevic

A bloody fight looms

Marines on the frontlines of the Afghan surge in Helmand Province are ramping up for a battle that their commander says will be the "end of the line" for insurgents.  Full Article