HEADLINE NEWS
Aerospatiale-matra Merger Removes Restructuring Hurdle
PARIS Following lengthy negotiations on conflicting company valuations, the French government, Aerospatiale and Lagardere have agreed on final terms of the Aerospatiale-Matra Hautes Technologies (MHT) merger. The unified industrial group, dubbed Aerospatiale-Matra, will have 56,500 employees and an estimated $14 billion in annual revenues, including nearly 80% in the export market.
By PIERRE SPARACO3 min