For the complete report in the Independent click on this link
Russians buy EURO 750 million($1bn) stake in Airbus parent- by Andrew Osborn
The Russian government is believed to have used some of its petrodollars to buy a EURO 750 million stake in the European defence and aviation group EADS, the maker of Airbus passenger planes.Reports in the Russian business daily Vedomosti claimed the Kremlin had used one of its largest state-owned banks - Vneshtorgbank - to amass a 5 per cent stake, and was continuing to accumulate shares.
Government sources familiar with the deal were quoted as saying although the share purchase was purely a commercial matter, the Kremlin hoped to gain a say in the management of the sprawling multinational consortium.
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