Airbus, Thales, Leonardo Aim for 'European Champion' in Space: Merger Talks Continue After July Deadline
Airbus, Thales, and Leonardo are working towards creating a 'European champion' in the space industry by combining their space businesses. The process, however, is expected to take up to two years due to regulatory reviews. A key deadline in July passed without a public announcement, leaving the industry awaiting a 'go/no-go' decision.
The merger negotiations have been ongoing for months, with a framework agreement still several weeks away. Key details are under debate, and supervisory boards are working on a joint position in Europa. The process involves due diligence reviews and planning for antitrust reviews in Europe. Executives from the three companies, including Airbus CEO Guillaume Faury, remain committed to the combination, aiming to compete with American rivals in the satellite business.
The timeline for this combination is uncertain, with the regulatory process expected to take up to two years. The industry is eager for a decision, but the July deadline passed without a public announcement, leaving the future of this 'European champion' in limbo.
Airbus, Thales, and Leonardo continue their efforts to create a European space industry champion. Despite the delay in the 'go/no-go' decision and the ongoing negotiations, the companies remain committed to the combination. The regulatory process, however, is expected to take up to two years, leaving the industry in a state of anticipation.
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