Airbus parent EADS has selected France’s Latecoere, Germany’s MT Aerospace and the UK’s GKN as the preferred bidders for divestment of six manufacturing sites.

Latecoere has been chosen for the French sites at Meaulte and St Nazaire Ville. MT Aerospace has been chosen for the German plants at Nordenham, Varel and Augsburg.

Arrangements for these French and German sites will take the form of joint ventures, says EADS, with Airbus retaining a “substantial” minority shareholding and an option to withdraw completely after three years.

GKN is the successful bidder for the UK facility at Filton. The Filton selection allows for an outright sale of the manufacturing section to GKN.

EADS’ board has authorised the management of EADS and Airbus to enter negotiations with these bidders to settle remaining issues, with a view to achieving final agreements as so

This entry was posted on Wednesday, December 19th, 2007 at 2:54 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.