Germany seeks extension to wrangle over BAE-EADS deal
The German government is pushing for the deadline for discussions over the proposed BAE and Eads mega-merger to be put back as political issues threaten to overwhelm the deal.
Thomas De Maziere, the German defence minister, said yesterday that there were too many details to be ironed out in the highly charged £30bn merger to formalise a deal by the tight 10 October deadline. The Takeover Panel set that date for an announcement, 28 days after news was leaked of the talks to create a pan-European aerospace and defence champion.
Noting that the panel can grant an extension, Mr De Maziere said: "Perhaps we need more time. It depends on the answers for our questions and so I think we need more time."
Those "questions" are likely to involve "golden shares" and the political influence that the German and French governments can wield.
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
Japanese island overrun with cats after population explodes
Bubonic plague-carrying fleas found on New York City rats
London property boom built on dirty money
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...