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.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

| Give a Comment | trackback

No Comments

Leave a Reply

You must be logged in to post a comment.

    Like Us On Facebook

  • Search This Site

    Custom Search
  • Upcoming Events

  • FREE Business Downloads

  • Widget Area

    This is widget area, add your widget here from your widget on appereance on your admin panel