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FRANCE LOOKS TO RESOLVE EADS WOES
Saudi Press Agency Published in Saudi Press Agency on 24 - 06 - 2006

TOP SHAREHOLDERS AT TROUBLED EUROPEAN AEROSPACE GIANT EADS MET ON SATURDAY FOR TALKS, WITH FRANCE HOPING TO FIND A SWIFT SOLUTION TO THE COMPANY'S WOES, A FINANCE MINISTRY SPOKESMAN SAID ON SATURDAY.
"THIS IS A WEEKEND OF INTENSE FRANCO-GERMAN NEGOTIATIONS," THE SPOKESMAN SAID.
FRENCH FINANCE MINISTER THIERRY BRETON WAS LEADING THE TALKS AT THE FINANCE MINISTRY IN PARIS AND THE DISCUSSIONS WERE DUE TO CARRY ON INTO SUNDAY, ACCORDING TO REUTERS.
"THIERRY BRETON IS DETERMINED TO SORT OUT THE EADS DOSSIER WITHIN 72 HOURS," THE SPOKESMAN SAID.
THE FRENCH STATE HAS A 15 PERCENT STAKE IN EADS. THE GERMAN STATE IS NOT A SHAREHOLDER BUT GERMAN AUTOMATIVE GROUP DAIMLERCHRYSLER THE DUAL FRANCO-GERMAN MANAGEMENT SYSTEM AT EADS HAS BEEN THROWN INTO DOUBT AFTER THE COMPANY'S FLAGSHIP AIRBUS ANNOUNCED SHOCK DELAYS TO DELIVERIES OF ITS A380 SUPERJUMBO EARLIER THIS MONTH, LEADING TO A MELTDOWN IN EADS STOCK.

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