Vneshtorgbank buys 5% stake in EADS

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Series Details 12.9.06
Publication Date 12/09/2006
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Vneshtorgbank, the second largest Russian state-controlled bank, has bought a 5.02 per cent stake in EADS, worth €913m at the current share price, making itthe largest investor in Europe's leading aerospace and defence groupoutside the group of core EADS shareholders.

The stake was probably a step towards attempting to foster closer co-operation between the Russian aircraft industry and EADS, on sourcing of raw materials and components, and development projects.

Related Links
BBC News, 11.9.06: Russian interest in Airbus owner http://news.bbc.co.uk/1/hi/business/5336558.stm

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