RTA revealed that a total of 15.29 million transactions were made via smart apps alone
Unnamed sources from London’s financial district The City were quoted as saying that the British defence group’s chief executive Mike Turner will convene a board meeting ‘in the next few days’ to decide the issue.
A BAE Systems spokesman refused to comment on the report when contacted by AFP.
If the sale gets the go-ahead, the price would be significantly less than the valuation of the stake made by BAE Systems’ own accountants.
In July, an independent assessment by investment bank Rothschild put the value of the holding at 2.75 billion euros (3.5 billion dollars), far less than the company’s own estimate.
Turner appointed accountants PricewaterhouseCoopers to investigate the reasons for the low valuation.
BAE is thought to have decided on a ‘quick sale’ of its stake in EADS, which has an 80 percent share in Airbus, because of concerns over the development and soaring cost of the delayed A380 superjumbo.
Any sale would have to be approved by shareholders.
RTA revealed that a total of 15.29 million transactions were made via smart apps alone
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