DaimlerChrysler snares Spain's CASA, opening door to future aerospace deals

Article Abstract:

DaimlerChrysler AG succeeded in its bid to merge its Daimler-Benz Aerospace AG unit with Construcciones Aeronauticas S.A. of Spain. The non-cash deal creates the first major crossborder defense aviation company in Europe. Spain's Sociedad Estatal de Participaciones Industriales will hold about 13% of the merged company, and DaimlerChrysler will control the remaining 87%. There have been rumors that DaimlerChrysler is considering a transatlantic alliance or merger for its aerospace unit, and it is also thought that DaimlerChrysler might spin off DASA.

Foreign operations, Spain, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft industry, Construcciones Aeronauticas S.A., DaimlerChrysler Aerospace AG, Daimler AG

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DaimlerChrysler Is Close To Sale of Adtranz Unit

Article Abstract:

Bombardier Inc. of Canada will pay $1.1billion to DaimlerChrysler AG for its Adtranz rail unit.

United States, Canada, Motor Vehicles and Equipment, TRANSPORTATION EQUIPMENT, Transport Equipment, Brief Article, DaimlerChrysler AG, DCX, Bombardier Inc., PINK

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