PARIS — Three European aerospace companies expect to decide by next month whether to combine their space divisions, something that could still take years to win regulatory approvals.
At a press conference during the Paris Air Show June 17, Roberto Cingolani, chief executive of Leonardo, said discussions among Airbus Defence and Space, Thales Alenia Space and his company about merging their space businesses in some way were approaching a “go/no-go” decision.
“By the end of July, we would like to have a global go/no-go about the feasibility of the initiative,” he said. That includes as assessment of antitrust concerns, due diligence regarding the companies’ finances and “value creation” such a combination would offer.
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