European consolidation

European consolidation: British Aerospace is believed to be planning to take up to a £400m stake (about 35%) in Swedish military aircraft maker Saab when it comes to the stock market later this year. Saab is presently owned by Investor, which is controlled by the wealthy Wallenberg family. British Aerospace and Saab are already involved […]

European consolidation: British Aerospace is believed to be planning to take up to a £400m stake (about 35%) in Swedish military aircraft maker Saab when it comes to the stock market later this year. Saab is presently owned by Investor, which is controlled by the wealthy Wallenberg family. British Aerospace and Saab are already involved in a joint venture manufacturing and marketing the Gripen fighter plane