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Private Russian Bank Sells EADS Stake to Government Bank

by: admin
December 28, 2007

Category: Acquisitions, EADS, Russia, United Aircraft Corp. | RSS 2.0

According to AFX News Limited:

Russia’s JSC VTB Bank is selling its 5 pct stake in the European Aeronautic Defence and Space Co (EADS) to the VEB state bank for development and foreign trade for 1.45 bln usd, banking industry sources told Russia’s Vedomosti newspaper. … The sources added that VEB will then transfer the stake to Russia’s United Aircraft Corp (UAC).

Vnesheconombank Chairman Vladimir Dmitriev later confirmed the deal. More details here, and here.

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