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Russian Bank Boosts Stake In European Aerospace Firm


http://gdb.rferl.org/25FCF443-9FE8-40B8-9086-5ECBB8007517_w203.jpg --> http://gdb.rferl.org/25FCF443-9FE8-40B8-9086-5ECBB8007517_mw800_mh600.jpg An Airbus A320 operated by the Armenian carrier Armavia (epa) September 11, 2006 -- A Russian state-owned bank, Vneshtorgbank, has accumulated a stake of more than five percent stake in the European Aeronautic Defense and Space company (EADS), a spokesman for the aerospace company confirmed today.


Russian newspaper reports in late August said that Vneshtorgbank had spent about $1 billion buying shares in EADS, which owns the European aircraft maker Airbus and is also a major defense contractor.


(AFP)

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