Lagardere asks EADS to review BAE merger

City A.M. Reporter
EADS shareholder Lagardere this morning said that the mega-merger with BAE has not yet shown that it could create value for the defence and aerospace company.

In a statement, the French publishing firm said a review is “indispensable”, adding that the current merger conditions are unsatisfactory.

Lagardere owns 7.5 per cent of EADS.

Last month, plans for the £29bn merger between BAE and EADS, to create the world’s biggest aerospace and defence group, were leaked.