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British Finance Minister Speaks on merger between EADS and BAE Companies
Published in Saudi Press Agency on 07 - 10 - 2012

AlQa'dah 21, 1433, Oct 7, 2012, SPA - The proposed $45 billion merger between EADS and BAE Systems must ensure British security and jobs are preserved, finance minister George Osborne said on Sunday, just three days before a deadline for detailing the deal, Reuters reported.
Tensions over the supermerger have spilled into the open in recent days as France, Britain and Germany jockey over the role of the state in what would be the world's largest aerospace and arms group.
"Our approach to this has been to make it very clear that our priorities are of course the national security of the United Kingdom, second: jobs and investment in the UK," finance minister George Osborne told Sky television.
"Those are the tests against which we are judging the proposal brought to us by these two companies," Osborne said.
EADS and BAE announced plans for a merger last month, but their efforts have become snagged on differences over control between France and Germany, while there are also political concerns about jobs.


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