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Publication: Airline Industry Information

Monday, November 13 2006

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DIC confirms plans to talk to EADS.

Monday, November 13 2006

Published on AllBusiness.com

Dubai International Capital (DIC), a state-owned investment agency, has confirmed plans to hold initial talks with European Aeronautic Defence and Space Company (EADS), the parent company of Airbus.

The talks will be about the possibility of a Gulf Arab fund led by DIC buying shares in EADS.

According to DIC CEO Sameer al-Ansari, he will hold discussions with EADS chief financial officer Hans Peter Ring and counterparts from up to seven German businesses. The talks are reportedly part of plans to set up a fund valued at USD10-15bn with stakes in the world's biggest companies.

According to Reuters, the German companies involved include Siemens, Lufthansa and MAN AG.

((Comments on this story may be sent to aii.feedback@m2.com))

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