financetom
Business
financetom
/
Business
/
Airbus, Thales, Leonardo CEOs to discuss satellite merger with EU antitrust chief
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Airbus, Thales, Leonardo CEOs to discuss satellite merger with EU antitrust chief
Apr 8, 2025 1:18 AM

BRUSSELS (Reuters) -European aerospace companies Airbus, Thales and Leonardo, which are in talks over a possible merger of their satellite businesses, will meet EU antitrust chief Teresa Ribera on Wednesday, according to a European Commission agenda.

The three companies' tentative plans to set up a joint space company come as they look to compete with Elon Musk's Starlink.

They are currently in preliminary discussions with EU antitrust officials, a step usually before a formal request for approval for merger deals.

The talks are at a very early process that would not be expected to lead to any material outcome until well into next year, a source told Reuters last month.

Chief executives typically meet with the EU competition chief to brief on their deals and to get a sense of potential hurdles in the regulatory process such as remedies to address antitrust concerns.

Airbus' CEO has said he would be happy if satellite merger talks with Thales and Leonardo lead to a venture like the MBDA European missile project, and he hoped EU antitrust regulators will take a looser stance than in the past.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Onestream Q1 Non-GAAP Earnings Beat Estimates, Revenue Rise; Sets Q2 Guidance
Onestream Q1 Non-GAAP Earnings Beat Estimates, Revenue Rise; Sets Q2 Guidance
May 26, 2025
06:03 PM EDT, 05/08/2025 (MT Newswires) -- Onestream ( OS ) reported Q1 non-GAAP earnings late Thursday of $0.04 per diluted share. Analysts polled by FactSet expected a loss of $0.03. The company debuted on the Nasdaq in 2024. Revenue for the quarter ended March was $136.3 million, up from $110.3 million a year earlier. Analysts surveyed by FactSet expected...
Mexico's Pemex aims to reopen wells to boost falling oil output, documents and sources say
Mexico's Pemex aims to reopen wells to boost falling oil output, documents and sources say
May 26, 2025
* New E&P head says advancing with 'reactivation of closed wells' * Some 4,800 wells could be reopened for production, data shows * Programs to extract more barrels are expensive and difficult * Pemex lacks funds for these strategic projects (Adds details on different plans to boost production) By Stefanie Eschenbacher, Adriana Barrera and Ana Isabel Martinez MEXICO CITY, May...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
US commerce chief says dozens of trade deals to be rolled out over next month
US commerce chief says dozens of trade deals to be rolled out over next month
May 26, 2025
WASHINGTON (Reuters) -Washington will roll out dozens of trade deals over the next month, but a 10% tariff imposed on most countries will likely stay, U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday WHY IT'S IMPORTANT Donald Trump's top officials have engaged in a flurry of meetings since the U.S. president on April 2 imposed a 10% tariff on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved