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France privatizes Aerospatiale to boost global competition
France moves to privatize its largest aerospace group Aerospatiale through a partial sale and merger with Lagardere Group to form a major defense firm. The deal transfers 30 to 33 percent to Lagardere, leaving state ownership under 50 percent while aligning with European consolidation to challenge U.S. rivals like Boeing.
MENTIONED IN THIS ARTICLE
Paris
France
Aerospatiale
Lagardere Group
Airbus Industrie
Airbus
Dominique Strauss-Kahn
RTL Radio
United States
Boeing
England
Germany
Strauss-Kahn
Lagardere
Matra Hautes Technologies