UK calls for France to reduce its stake in potential BAE and EADS merger

The Defence Secretary said on Monday that France's holding in the proposed merger of BAE Group with EADS must be reduced to single digits in order for the merger to take place.

The Defence Secretary said on Monday that France's holding in the proposed merger of BAE Group with EADS must be reduced to single digits in order for the merger to take place.

Speaking on the BBC, Philip Hammond said: "Our position is that they will have to make a considerable reduction in their stake.

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