Paris 'wants French and German blocking stake' in EADS-BAE merger


French government moves to give it and Germany a blocking minority stake in mooted EADS-BAE tie-up has UK concerned the deal could be scuppered.

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France is pushing for its government to hold a large stake in the €34bn defence and aerospace group to be created by combining pan-European EADS and BAE of the UK, raising concerns in London that such a demand would threaten the deal, reports The Financial Times.