Airbus director says listing isn't needed

Article Abstract:

Airbus Industrie's managing director, Noel Forgeard, has expressed his commitment to convert the three-member consortium into a unified interest. Forgeard maintains that such a move, which is expected to be consummated by 1999, is essential for ending Airbus Industrie's difficulty in managing its affairs on account of the present set-up. The consortium's managing director, however, pointed out that there is no urgency for the firm to issue shares in the stock market once the conversion is completed. Airbus Industrie is composed of Daimler-Benz Aerospace, Aerospatiale SNI, and British Aerospace PLC.

Comment:

Its managing director, Noel Forgeard, expresses commitment to convert consortium into a unified interest

France, Executive changes & profiles, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Airbus S.A.S., Article

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Greek central bank would postpone interest-rate cuts

Article Abstract:

In anticipation of an inflation increase, the Bank of Greece has decided to postpone the cut in interest rates it has previously planned. The Greek headline inflation rate rose three tenths of a percent over a period of one month, from January to February.

Greece, Central Bank & Govt Reserves, Statistical Data Included, Brief Article, Economic policy, Central banks

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