17 Sep '11, 7pm

Qatar interested in EADS stake: BERLIN - The Gulf state of Qatar is in talks to buy into European aerospace firm...

Qatar interested in EADS stake: BERLIN - The Gulf state of Qatar is in talks to buy into European aerospace firm...

BERLIN - The Gulf state of Qatar is in talks to buy into European aerospace firm EADS by purchasing half of German carmaker Daimler's shares up for sale, the German weekly Der Spiegel reported. Members of the Qatari government met two weeks ago with German Economy Minister Philipp Roesler for initial talks, said the magazine in its edition to be published Monday. Defence group EADS is the parent company of plane maker Airbus. A ministry spokeswoman said Saturday that she was not able to comment on "ongoing negotiations," but sources said that EADS was "a very attractive business as shown by Qatar's interest." "The (possible) entry of sovereign funds is reviewed particularly critically due to the political and technological issues," linked to EADS' activities, sources told AFP. Der Spiegel said Qatar aimed to acquire half of the 15 percent of EADS shares put up for sale a f...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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