EADS denies being open to Thales link-up

Wed May 14, 2008 7:00pm BST
 
Email | Print | | Single Page
[-] Text [+]

PARIS (Reuters) - EADS (EAD.PA) on Wednesday denied being interested in an alliance with Thales (TCFP.PA) despite earlier comments from one of its executives that the Airbus parent was open to a tie-up with the defence electronics firm.

"Such an alliance is not on the agenda," a spokesman at EADS said.

Herve Guillou, the head of EADS's Defence and Communications Systems, had earlier told Reuters that the European aerospace giant was looking forward to consolidating Europe's defence industry and taking on U.S. rivals.

"It can be Thales. It can be other companies. We are totally open ... Thales has always been our best friend since many years," Guillou said.

But the EADS spokesman said Guillou's comments "does not reflect in any way the group's strategic agenda."

(Reporting by Matthias Blamont, Writing by Marie Maitre)

 
Anthony Bolton, president for investments at Fidelity International, an affiliate of Boston-based Fidelity Investments, the world's biggest mutual fund firm, listens to a reporter's question during a news conference in Seoul October 21, 2009.   REUTERS/Lee Jae-Won
Bolton bets on China

Top-performing fund manager Anthony Bolton says he plans to return to managing money next year, with a focus on the increasingly important Chinese market.  Full Article 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos