Thursday, July 05, 2007

Pig, Meet Poke: Dubai Takes Piece of EADS

Bloomberg reports today that Dubai International Capital (a proxy for Sheikh al-Maktoum, the ruler of Dubai) took a 3.12 per cent stake in EADS this day in an apparent bet that da Festung can wheeze back to financial health on the strenth of some Power8 steroids.

The company has no intention to take an active management role in the company or put someone on the board of EADS.

I believe that, too.


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