Thursday, November 16, 2006

Say It Ain't So:EADS to Sell Stake to Gulf Investors?

Reuters is reporting this day that rumors are flying think and fast that The Emerald City is looking to sell off a stake in its enterprise to unnamed investors, perhaps in the Gulf, China or possibly Russia. This was had from the usually productive French rumor mill press (in this case the dailies Les Echos and Le Monde), both of which seem to be pretty well connected when it comes to this sort of thing.

Of course the mandatory talking head was trotted out for the ceremonial denial.

My bet? My money's on Dubai. They've got a lot of money and a lot of exposure in the A380 program.

Film at 11-stay tuned


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