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BAE-EADS merger faces German opposition

27 Sep 2012 12:00 AM | Anonymous

The proposed £30 billion merger between BAE systems and Airbus owner EADS has been met with opposition from politicians within Germany.

Germany's Deputy Economy Minister, Hans-Joachim Otto warned EADS CEO Tom Enders, that it was not certain if the deal would get approved, adding the deal was, “a very complicated plan that throws up advantages and disadvantages, risks and chances".

Mr Enders has called for a relaxation in government oversight and said that they were “many examples to prove that companies in this sector and of this size should not necessarily be subject to state involvement".

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